Hungary's Inflation Rate Rises Again in Central Bank Challenge
Hungarian inflation accelerated in May for the first time in three months, underscoring central bankers' challenge in returning consumer price growth toward their target.
The annual inflation rate rose to 4.4% from 4.2% in April, the Budapest-based statistics office said on Wednesday. The median estimate of 20 economists in a Bloomberg survey was a slight increase to 4.3%. Prices increased 0.2% on the month.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
31 minutes ago
- Wall Street Journal
EU Confirms Further One-Year Delay to Bank Trading Desk Rules
The European Union confirmed the delay by one more year of tougher global rules for banks' trading businesses. The bloc is seeking to level the playing field for European lenders amid U.S. President Trump's deregulation push. The region is home to BNP Paribas and Deutsche Bank, whose investment-bank trading desks could stand at a disadvantage if they have to comply with the rules ahead of their competitors across the Atlantic.
Bloomberg
36 minutes ago
- Bloomberg
Europe's Nuclear Ambitions Face €241 Billion Funding Challenge
The European Union's ambition to scale up nuclear energy as part of its 2050 climate neutrality goal will cost €241 billion ($280 billion), posing funding challenges, according to a draft document. More than four-fifths of investment under that base-case scenario would go on building new reactors, taking the bloc's capacity to 109 gigawatts by 2050, according to a draft of the European Commission's Nuclear Illustrative Program seen by Bloomberg News.
Bloomberg
36 minutes ago
- Bloomberg
Italy Seeks More Time to Reach NATO's New Defense Spending Goal
Italy will need a decade to meet NATO's planned defense spending target of 5% of GDP, Foreign Minister Antonio Tajani said on Thursday, as the alliance debates how quickly it can achieve the steepest military ramp-up since the Cold War. The leaders of the North Atlantic Treaty Organization are expected to commit to allocating at least 3.5% of economic output to core defense requirements by 2032, plus an additional 1.5% to protect infrastructure at the the summit in The Hague on June 24-25.
