Hungary's consumer price inflation softened for the first time in three months in July, the Hungarian Central Statistical Office said on Friday.
Consumer prices rose 4.3 percent year-on-year in July, slower than the 4.6 percent increase in June. The expected inflation rate was 4.1 percent.
Moreover, the inflation rate continued to remain well above the central bank's target of 3.0 percent.
Data showed that core inflation moderated to 4.0 percent from 4.4 percent a month ago.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.