Hungarian Prices Jump, Breaching Central Bank Tolerance Band

Hungarian inflation accelerated more than forecast to outside the central bank’s tolerance band, as a weak currency fuels price growth and strains monetary policy.

Consumer prices rose an annual 4.6% in December, the highest in a year and compared with 3.7% growth in November, the Hungarian statistics agency said in a statement on Tuesday. The median estimate of 23 economists in a Bloomberg survey was 4.3%. Month-on-month, prices increased 0.5%.