Hungary’s CPI up 0.6% y-o-y in September

Figures

Breaking a declining trend experienced in the previous months, Hungary’s core inflation indicator, the Consumer Price Index (CPI), rose by 0.6% on average in September, as compared to the same month a year earlier, the Central Statistical Office (KSH) announced today in a first reading of data.

The highest price rises were measured for alcoholic beverages and tobacco as well as services outside the main groups of consumption, the KSH said, adding that consumers still paid 3.9% less for motor fuel than in September last year, but this decrease in price was much lower than in previous months.

In September, as compared to the same month a year earlier, consumers paid 0.8% more for food. Alcoholic beverages and tobacco became more expensive by 2.0%, services by 1.3% and clothing and footwear and consumer durables both by 0.2% on average, the KSH said. The prices of electricity, gas and other fuels were unchanged, while those of other goods decreased by 0.7%, within which the prices of motor fuels fell by 3.9%, the KSH added.

Consumer prices rose 0.2% on average in September compared to the previous month, the KSH added, while the increase was 0.1% in the January-September period compared to the first nine months of 2015.

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