Hungary CPI slows to 3.3 pc in July

Hungary’s annualised consumer price index stood at 3.3 percent in July, slowing from 3.4 percent in the previous month, the Central Statistical Office (KSH) said on Thursday.

Headline inflation was lifted by an 8.5 percent increase in the price of spirits and tobacco products and a 6.0 percent rise in the price of food.

Consumer durable prices fell by 1.4 percent, clothing prices were up 1.9 percent, household energy prices increased by 1.1 percent and prices in the category of goods which includes vehicle fuel edged up 0.4 percent. Service prices climbed 2.8 percent.

Seasonally-adjusted core inflation, which excludes volatile fuel and food prices, was 3.7 percent, and inflation adjusted for goods and services used by pensioners was 3.5 percent.

In a month-on-month comparison, consumer prices inched up 0.2 percent as the price of spirits and tobacco products rose by 1.4 percent and service prices increased by 0.5 percent.

As we wrote a week ago, retail sales in Hungary grew by 4.3 percent in June from the same month a year earlier, accelerating from a 3 percent increase in May, read more HERE.

Source: MTI