Hungary’s consumer price inflation slowed to 1.6 percent in September, according to the Central Statistical Office, placing the country among the lowest-inflation states in the European Union. Economy and Energy Minister Kapitány István announced the figure on Facebook.
From highest to near-lowest
A year earlier Hungary ranked among the EU member states with the highest price increases. The reversal is striking given that starting point.
By Eurostat’s comparison, only Sweden now has lower inflation among the 27 EU member states. Hungary is tied with Denmark for the second-lowest rate in the bloc. Several European countries have recently seen price increases accelerate again, Kapitány noted.
Minister cites lasting goal
Kapitány said the government’s aim was to keep the current price level in place and maintain stability in the period ahead, rather than treat the drop as a one-off. “Our goal is for this not to be a momentary success but a lasting result,” he said.
Hungary’s reading contrasts with the United States, where annual inflation stood at 3.7 percent in September, near a 31-day high.
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Source: Central Statistical Office | Data: FRED — St. Louis Fed
