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CPI Inflation Accelerated To 5.3% in June

HUNGARY
  • Inflation continues to surprise positively in Hungary and rose by 5.3% YoY in June (vs. 4.9% exp.) and up from 5.1% the previous month.
  • This new print confirms that NBH will continue its tightening cycle and gradually rise its benchmark rate to curb inflationary pressures.
  • USDHUF is trending slightly higher following the release, gradually approaching its 304 resistance; a break above that level would open the door for a move up to 305.

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