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London analysts put May CPI at 4.4%

Consumer prices in Hungary probably rose 4.4% in May from the same month a year earlier, slowing from 4.7% in April because of base effects and the stronger forint, emerging market analysts in London said on Tuesday.

The analysts at nine City houses ─ UBS, JP Morgan, Goldman Sachs, Bank of America-Merrill Lynch Global Research, Barclays Capital, Morgan Stanley, 4cast, Capital Economics and RBC Capital Markets ─ put May CPI between 4.2% and 4.5%.

The Central Statistics Office (KSH) will publish the May data early Wednesday.

Hungarian analysts estimated CPI reached 4.5% in May.