Hungary's Inflation Enters Negative Territory
- 14 May 2014 9:00 AM
Consumer prices were 0.1% lower in April than one year earlier, a phenomenon not seen since 1968, the Central Statistics Office announced on Tuesday.
Prices rose by only 0.1% from the previous month.
Analysts attribute the 12-month fall to the series of state-imposed cuts in utility prices.
Core inflation – which strips out energy and food prices – stood at 2.4% year-on-year and -0.1% month-on-month.
Low inflation is not unique to Hungary, Zoltán Török of Raiffeisen pointed out, as it was 0.7% in the eurozone last month.
Source: Hungary Around the Clock
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