KSH: CPI decline slows, still in negative

Figures

TOO SMALL, DO NOT USE

The Consumer Prices Index (CPI) in Hungary fell by a year-on-year 1.0% in February, following January’s y.o.y. 1.4% drop, the Central Statistics Office (KSH) said today. The decline was less than emerging market analysts in London had expected, precisely 1.2%-1.4%.

According to KSH, the year-on-year decline in prices resulted from lower household energy prices, down by 5.3%, as well as lower prices in the category of goods that include vehicle fuel, down by 6.2%. The prices of both food and consumer durables edged down by 0.4%, but spirits and tobacco prices rose 1.9% and service prices climbed 2.1%.

According to KSH department head Borbála Minary, the fresh data show the falling trend in prices is starting to turn around. Rising vehicle gas prices and food prices, especially for seasonal foods, are the biggest factors behind the change, she added.

Core inflation, which excludes volatile fuel and food prices, rose 1.0% year-on-year and edged up 0.2% month-on-month, Hungarian news agency MTI said, adding that calculating with prices in a consumer basket for pensioners, the index fell 0.5% year-on-year but rose 0.5% month-on-month.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.