February inflation was 4.4%, down 0.3pps from a month earlier. Core inflation rose slightly to 4.1% from 4.0% in January.
HEADLINE AND CORE INFLATION (YOY)
Source: CSO, Concorde
The headline inflation fell mainly as core prices hover at around 4%.The headline rate dropped chiefly on fuel prices (statistical base effect), while the processed food prices rose modestly as a second round response to raw food (pork) inflation in previous months.
HEADLINE AND UNDERLYING INFLATION (YOY)
Source: MNB
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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