Figures show that CPI was driven by higher cigarette, spirits and vehicle fuel prices, with spirits and tobacco prices rising 11.1 percent, lifted by an 18.1 percent increase in tobacco...
The central bank has already made a move to reduce inflation, having been the first European central bank to hike the base rate.
The Central Bank has increased its 2019 inflation forecast from 2.9 to 3.1 percent and its GDP growth forecast from 3.5 to 3.8 percent
The National Bank of Hungary has said that its quarterly Inflation Report due on Thursday could see economic growth peak at 4.7 percent in 2018, higher than the 4.4 percent...
Two leading economic research companies raised Hungary's GDP growth forecast this week
“Hungarians like to work, they can work hard and take initiative…and they are able to take responsible decisions,” the prime minister said
Retail sales in Hungary have risen by a staggering 20.7 percent since January 2010 and by 17.6 percent since the beginning of 2014
Prime Minister Viktor Orbán has said that ''the new budget will be the working people's budget" which will include tax cuts and an increased minimum wage.
In a statement, the monetary council repeated its earlier stand on keeping the base rate on hold “for an extended period”, while staying prepared to ease monetary conditions with unconventional instruments
Meanwhile, Hungarian industrial output fell by an annual 0.5 percent in December 2016, while output for the full year rose by 0.9 percent
The effect of the price cuts means that public money which utility companies had previously siphoned off as profit out of the country was now being returned to the pockets of consumers
"It is clear that there are serious structural forces at play, which contribute to inflation being this low, such as globalization and changing demographic trends," the managing director of the National Bank of Hungary has said
Hungary’s GDP is currently 10 percent higher than its 2010 level and ranks among Europe's leading economic growth rates