Inflation & Prices
EU’s Highest Inflation Ticks Down, Hungary Wary of Rate Cuts
- Annual inflation rate declines to 25.2%, missing estimates
- Central bank unlikely to lower its 18% interest rate for now
Hungary’s consumer price growth slowed to 25.2% in March.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Hungarian inflation eased for a second month but remained by far the highest in the European Union, which is likely to prevent the central bank from considering interest-rate cuts anytime soon.
Annual consumer price growth slowed to 25.2% in March, from 25.4% the month before, trailing the median estimate of 25% in a Bloomberg survey. Month-on-month prices increased 0.8%.