MNB: fuel and food accelerated inflation in April
The annual consumer price index rose by 0.1 percentage point in April compared to the previous month. Fuels contributed 0.3 percentage points and foodstuffs 0.2 percentage points to the increase in inflation, which was partially offset by the 0.3 percentage point inflation-reducing effect of industrial goods, the Magyar Nemzeti Bank (MNB) concluded in its Friday analysis of the latest statistical data.
In April, inflation was in the middle of the forecast band of the MNB’s March Inflation Report, while core inflation was in the lower half of the forecast band, the central bank noted. Annual core inflation decreased by 0.3 percentage points, within which industrial goods supported disinflation.
The annual indicators calculated by the MNB, which capture more permanent inflationary trends, also moderated. The inflation of products with rarely variable prices decreased by 0.3 percentage points, and the annual increase of core inflation calculated without processed food by 0.5 percentage points compared to the previous month.
In a shorter base (annualized 3-month/3-month) comparison, core inflation and inflation rose in April as a result of the increase in fuel prices and retrospective repricing of certain market services.
Related news
6 out of 10 companies are planning a price increase
According to the results of the April half-year business cycle…
Read more >The food market is also feeling the extreme weather
In Hungary, it is expected that the price of flour…
Read more >Retail traffic and residential consumption may slowly recover
The development of retail sales and the recovery of household…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >