Central Banks
Hungarian Inflation Quickens Amid Forint Plunge to Two-Year Low
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Inflation in Hungary accelerated for a second month, as the rise in the cost of food and services and a plunge in the forint pushed price growth closer to the upper limit of the central bank’s tolerance band.
Consumer prices rose 3.7% in November, the Budapest-based statistics agency said in a statement on Tuesday. That compares with a 3.2% increase in October and matches the median forecast of 18 economists surveyed by Bloomberg. Month on month, prices rose 0.5%.