Oops! Inflation was down again in June

HUNGARY - In Brief 07 Jul 2026 by Istvan Racz
The headline rate of CPI-inflation fell marginally in June, to 1.7% yoy from the previous month’s 1.8%, defying analyst and MNB expectations of a small rise, to 1.9-2%. It looks lüke the strong forint is indeed very powerful, whereas normalising energy prices and the global food price cycle are also supportive to disinflation.So, heads up for the prospective 25 bps base rate cut in July, and an increasingly likely further -25 bps in August, in line with Mr. Varga’s prediction given two weeks ago!

Now read on...

Register to sample a report

Register
Must have at least 8 characters
Sign-in
Forgot your password?
Copyright 2026 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.