In accordance with the central bank’s inflation target, Hungary aims to achieve a consumer price index level of 3 percent. After declining moderately over the past couple of years, the pace of inflation decrease accelerated sharply as of the beginning of 2013. The annual inflation rate – for the very first time since the inflation target system was established – declined to below 3 percent in February, 2.2 percent in March and 1.7 percent in April. Looking back at a period covering several decades it can be concluded that the annual inflation index reached a historic low in April 2013.

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(Ministry for National Economy)