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Hungary CPI picks up to 4.2% in October

Twelve-month consumer price inflation in Hungary accelerated to 4.2% in October from 3.8% in September, the Central Statistics Office (KSH) said on Thursday.

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

City analysts had put October CPI at 4.0%. Analysts polled by Hungarian business daily Napi Gazdaság estimated prices rose 3.9%.

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

In a twelve-month comparison, the biggest price increases were seen for food and alcohol and tobacco prices, both up 5.3%, as well as for household energy prices, up 6.2% and the "other goods" category, which includes vehicle fuel, up 6.6%. Consumer durable prices fell 2.1% and clothing prices were down 1.0% Service prices climbed 3.1%.

In a month-on-month comparison, food prices rose 1.5%, well over the headline figure. Household energy prices were up 0.4%, while prices in the vehicle fuel category inched down 0.2%. Services prices dropped 0.3% and consumer durable prices rose 0.2%. Clothing prices climbed 3.2% with the introduction of the autumn lines.

Seasonally-adjusted core inflation, which excludes volatile fuel and food prices, climbed 1.8% in a twelve-month comparison and rose 0.3% in a month-on-month comparison.

Harmonised CPI, calculated with European Union methodology, was 4.3% for the twelve-month comparison and 0.4% in the month-on-month comparison.

Pensioners' CPI was 4.4% in a twelve-month comparison and 0.6% in a month-on-month comparison. (MTI-ECONEWS)