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Hungary CPI accelerates slightly to 4.1% in February

Hungary' consumer prices rose 4.1% year-on-year in February, accelerating from 4.0% in January, the Central Statistical Office (KSH) said on Friday.

The headline figure was slightly under the 4.2% consensus by analysts. Hungary's twelve-month CPI in January fell sharply from 4.7% in December.

The headline figure was lifted by rising food, fuel and energy prices, the KSH data show.

In a month-on-month comparison, consumer prices climbed 0.4% in February.

In a twelve-month comparison, the biggest price increases were seen for food prices, up 7.4%, as well as for household energy and heating prices, up 7.0% and the "other goods" category, which includes vehicle fuel, up 6.2%. Consumer durable prices fell 1.8% and clothing prices rose 1.4%. Service prices were up 1.9%.

In a month-on-month comparison, food prices rose 1.2%, well over the headline figure. Household energy and heating prices were up 1.0%, while prices in the other goods category were unchanged. Services prices rose 0.4% and consumer durable prices fell 0.2%. Clothing prices were down 2.4%.

Seasonally-adjusted core inflation, which excludes volatile fuel and food prices, climbed 1.9% in a twelve-month comparison and rose 0.1% in a month-on-month comparison.

Harmonized CPI, calculated with European Union methodology, was 4.2% for the twelve-month comparison and 0.4% in the month-on-month comparison.

Pensioners' CPI was 4.8% in a twelve-month comparison and 0.7% in a month-on-month comparison.