Daily News Hungary economy

Budapest, December 8 (MTI) – Consumer prices in Hungary rose by 0.5 percent year-on-year in November, accelerating from a 0.1 percent increase in the previous month, the Central Statistical Office (KSH) said on Tuesday.

The headline figure was slightly under the 0.6 percent estimate by analysts polled by Portfolio.hu.

CPI was lifted by a 2.0 percent increase in food prices, a 3.7 percent rise in alcohol and tobacco prices and 2.0 percent higher consumer durable prices. Service prices climbed 1.4 percent and clothing prices edged up 0.4 percent. Household energy prices slipped 0.3 percent and prices in the category that includes vehicle fuel dropped 4.5 percent.

Harmonised for better comparison with other European Union member states, Hungary’s CPI was 0.6 percent in November.

Seasonally-adjusted core inflation, which excludes volatile fuel and food prices, was 1.4 percent.

Calculating with a basket of consumer goods used by pensioners, inflation was 1.0 percent.

Source: http://mtva.hu/hu/hungary-matters

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