Hungary’s inflation rate rose to 4.6% in June, driven by higher food, energy, and service costs.
While this matched economists’ expectations, it marked the highest inflation level since March.
Despite government efforts to cap prices on essentials like food, energy, and telecom services, consumer prices continue to rise. Food alone saw a 6.2% increase, with staples like eggs and flour jumping over 20%.
The central bank has held interest rates steady for nine consecutive months, signaling ongoing caution amid persistent inflation and weak economic growth.