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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 MAY CPI RISES +10.7% Y/Y (FCST +10.4%); APR +9.5% Y/Y
HUNGARY MAY CPI RISES +1.7% M/M (FCST +1.2%); APR +1.6% Y/Y
- Hungary saw inflation beat expectation on both headline figures in May, jumping 1.2pp to +10.7% y/y, 0.3pp above expectations. This is the highest inflation level seen since May 2001. A 0.1pp uptick to +1.7% m/m saw a further 0.5pp beat on the forecast.
- Food and consumer durables saw the strongest price acceleration, with food up 18.6% y/y (+3.5% m/m alone) and consumer durables up 11.4% y/y. Service prices rose 6.8% y/y.
- This data underlines confidence in continued NBH tightening and the expected 13th consecutive rate hike due at the end of the month.
Source: Hungarian Central Statistical 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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