Hungarian Inflation Rate YoY (Jan) Y/Y 2.1% vs. Exp. 2.4% (Prev. 3.3%)
Newsquawk Staff ·
Hungarian Inflation Rate YoY (Jan) Y/Y 2.1% vs. Exp. 2.4% (Prev. 3.3%)
What it means
Hungary's inflation rate for January printed at 2.1%, coming in below expectations of 2.4% and significantly lower than the previous 3.3%. This suggests a notable deceleration in price growth, which could alleviate some pressure on the National Bank of Hungary regarding future rate hikes. Traders may interpret this as a potential easing in monetary policy momentum, impacting EUR/HUF and broader European market sentiment.
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