Consumer prices edge down 0.1 pc in August

Budapest, September 8 (MTI) – Consumer prices in Hungary fell by an annual 0.1 percent in August, dropping for the fourth month in a row, the Central Statistical Office (KSH) said on Thursday.

The decline slowed from 0.3 percent in July.

CPI dropped on a 4.1 percent fall in prices for the category of goods that includes vehicle fuel. Food prices were up by 0.6 percent, the price of alcohol and tobacco climbed by 1.9 percent and service prices rose by 1.1 percent. Consumer durable prices were flat and household energy prices decreased by 0.1 percent.

Seasonally-adjusted core inflation, which excludes volatile fuel and food prices, was 1.2 percent.

In a month-on-month comparison, consumer prices fell by 0.4 percent in August. Prices in the category of goods that includes vehicle fuel dropped by 1.7 percent and food prices fell by 0.3 percent because of cheaper seasonal foods. Clothing prices declined by 1.5 percent on summer clearance sales. Consumer durable prices and household energy prices were flat. The price of services inched up by 0.1 percent.