Hungarian inflation up 3.4 pct in November

Hungarian consumer prices were 3.4 percent higher on average in November 2019 than a year earlier, according to a statement by the Hungarian Central Statistical Office (KSH) here on Tuesday.

In October, the inflation was 2.9 percent, according to KSH. On a monthly basis, November’s consumer prices were up 0.1 percent from October, KSH added.
In November, the price of spirits and tobacco products rose by a steep 8.3 percent from a year earlier. The other factor in higher inflation was a rapid 5.5-percent rise of food prices.

The 3.4-percent figure showed that Hungarian inflation is over the range of 3 percent inflation target of the Hungarian central bank MNB.

In November, vehicle fuel prices were unchanged, clothing prices edged up 0.3 percent, household energy prices increased 0.7 percent and the consumer durable prices fell 1.2 percent, while service prices were up 3.4 percent, KSH noted.