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Hungary CPI accelerates to 4.5% in March

Hungary' consumer prices rose 4.5% year-on-year in March, accelerating from 4.1% in February, the Central Statistical Office (KSH) said on Tuesday. The index was boosted by steep increases of food, energy and fuel prices.

The headline figure was above the 4.2% consensus by analysts.

Hungary's twelve-month CPI in February was slightly up from 4.0% in January. The March CPI was the highest since 4.7% in December 2010.

In a month-on-month comparison, consumer prices rose 1.1% in March after a 0.4% increase in February. The monthly increase has not been this high since January 2010, when prices rose 1.4% from the previous month.

Seasonally adjusted core inflation also picked up; monthly core inflation was 0.8% after a mere 0.1% in February and twelve-month core inflation rose to 2.5% in March from 1.9% in February.