Hungary’s inflation rate falls to 2.7 pc in Nov

Hungary’s inflation rate was 2.7 percent in November, below the National Bank of Hungary’s 3 percent medium-term target, the Central Statistical Office (KSH) said on Tuesday.

Upside pressure on inflation came from food, spirts and tobacco products, while vehicle fuel prices fell due to the effects of the coronavirus crisis.

Food prices grew by 6.2 percent and the price of spirits and tobacco products rose by 6.6 percent. Prices in the category of goods which includes vehicle fuel fell by 1.7 percent as vehicle fuel prices dropped by 7.6 percent.

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