ADVERTISEMENT

Hungary CPI accelerates to 6.6% in September

Figures

Consumer prices in Hungary rose 6.6% year-on-year in September, accelerating from a 6.0% increase in August, the Central Statistics Office (KSH) said on Thursday.

Consumer prices 0.4% month-on-month in September after rising 0.1% in August. The estimates of emerging market analysts in London for the September year-on-year headline figure moved in a wide range between 6.1% and 6.1%. The consensus figure for September twelve-month consumer price inflation of Hungarian analysts polled by the daily Napi Gazdasag was 6.2%.
January-September prices were up 5.8% from a year earlier. Consumer price inflation slowed to 3.9% last year from 4.9% in 2010. The twelve-month CPI was the highest since a 6.7% rate measured in July 2008.
Twelve-month inflation was boosted by vehicle fuel prices, some items of household energy prices as well as excise tax rises pushing up spirits and tobacco prices. Food prices also rose above the average rate both in a monthly and in a twelve-month comparison.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.