The indicator for core inflation, excluding indirect tax effects, was 1.1% in May, down from 1.3% in the previous month.
The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, was 1.5%, dropping from 1.7%; while the indicator for sticky price inflation, which includes items for which retail prices vary, on average, no more than 15% a month, was 1.7%, down from 1.8% in the previous month.
Headline inflation was minus 0.2% year-on-year in May, the Hungarian Central Statistical Office (KSH) said earlier on Tuesday, as consumer prices fell year-on-year after a 0.2% year-on-year rise in April. KSHʼs seasonally-adjusted twelve-month core inflation was 1.3%. Consumer prices were up 0.3% from April.
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