As of the latest data update on September 10, 2024, Hungary’s Consumer Price Index (CPI) for the month of August has shown no percentage increase, holding steady at 0.00%. This marks a significant decline from the 0.70% increase observed in July 2024.The month-over-month comparison, which evaluates the change of the CPI from one month to the next, highlights a stark contrast between August and the preceding month. Given that the previous month saw a substantial rise, the halt in August reflects a notable cooling in price increases.This shift could indicate underlying economic adjustments or responses to policy measures aimed at stabilizing inflation. Market watchers and policymakers will be keenly observing the subsequent months to determine if this marks a trend or an anomaly in Hungary’s economic landscape.The material has been provided by InstaForex Company – www.instaforex.com
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