-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessCPI Jumps 2.0pp to 13.7% in July
HUNGARY JUL CPI +2.3% M/M (FCST +1.5%); JUN +1.5% M/M
HUNGARY JUL CPI +13.7% Y/Y (FCST +13.0%); JUN +11.7% Y/Y
- Hungarian headline inflation saw a significant 0.7pp forecast beat in the July data, jumping 2.0pp to 13.7% y/y. This is the highest reading since the Summer of 1998.
- Food prices accelerated by 27.0% and consumer durables by 14.0%. Hungarian food prices have experienced significant pressure from the effects of the Ukraine war, with bread prices up over 57.9% y/y alone.
- The EUR/HUF high of 416.89 in July likely added pressure to price acceleration, with core inflation surging 2.9pp to 16.7% y/y in July.
- Today's inflation surprise comes ahead of the August 30 meeting, where the NBH is likely to hold steady for the time being following the July 100bp hike.
Source: Hungarian Central Statistical Office
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.