Hungarian Inflation Rate Edges Up in February


The annual consumer prices accelerated to 0.1 percent in February, after falling to zero in January, as food prices remained unchanged following a 0.2 percent drop in the previous month.

Upward pressures came from prices of alcoholic beverages and tobacco (+8.1 percent) and services (+2.1 percent). Contrarily, prices declined for household energy (-10.3 percent), motor fuels (-1.5 percent), durable consumer goods (-0.6 percent), clothing and footwear (-0.2 percent).

Monthly inflation was recorded at 0.1 percent, slowing from 0.3 percent in the previous month, as prices of food and durable goods decelerated to 0.2 percent and 0.1 percent, respectively. Cost of electricity, gas and other fuels remained unchanged.

Core inflation, which excludes food and fuel, rose to 2.8 percent in February, compared with 3.4 percent in January.

Hungarian Central Statistical Office | Isabel Felino | isabel.felino@tradingeconomics.com
3/11/2014 1:00:14 PM