MNB: both inflation and core inflation were in the middle of the central bank’s March forecast band

By: Trademagazin Date: 2024. 04. 11. 12:55

Both inflation and core inflation were in the middle of the forecast range of the central bank’s March Inflation Report – stated the analysis of the Hungarian National Bank’s March inflation data.

In March 2024, the decline in inflation continued, consumer prices rose by 3.6 percent year-on-year. Core inflation and core inflation adjusted for indirect taxes both fell to 4.4 percent. Compared to February, the expected and core inflation of the entire consumer basket also rose by 0.8 percent, they wrote in the analysis.

The annual consumer price index decreased by 0.1 percentage points in March compared to the previous month. The slowing contribution of manufactured goods (-0.3 percentage points), food (-0.2 percentage points) and market services (-0.1 percentage points) was largely offset by fuels (+0.3 percentage points) and regulated price products and services (+0.2 percentage point) inflation-increasing effect.