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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
HUNGARY
MNI (London)
HUNGARY OCT CPI +2.0% M/M (FCST +1.6%); SEP +4.1% M/M
HUNGARY OCT CPI +21.1% Y/Y (FCST +21.0%); SEP +20.1% Y/Y
- Hungarian inflation saw a small upside surprise in the October data, accelerating by +2.0% m/m and +21.1% y/y.
- Energy and food prices again drove the headline print higher, with food prices jumping +4.3% m/m alone elevated by drought effects. Energy prices expanded by +1.6% m/m, slowing from the September jump related to new regulatory measures.
- October marks the second consecutive month of core and headline inflation both above 20% (last seen in 1996).
- In the October meeting, the NBH held rates steady at 13.00%, shifting focus further towards liquidity tenders and FX swap tools as largely anticipated. The NBH sees domestic inflation slowing in H1 2023.
Source: Hungary Central Statistics Office
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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