Hungary Consumer Prices At Negative 0.7% In Nov
- 12 Dec 2014 8:00 AM
Consumer prices in Hungary fell by an annual 0.7% in November, the Central Statistical Office (KSH) said. Emerging market analysts in London had put November CPI at negative 0.5%. Consumer prices fell by 0.4% in October and were down 0.5% in September.
Prices in November continued to fall on a government-mandated reduction in household utilities prices. Household energy prices were down 13% from the same month a year earlier.
The price of food as well as consumer durables edged down 0.2%. Clothing prices dropped by 0.6% and prices in the category of goods that includes vehicle fuel fell by 0.7%.
Alcohol and tobacco prices rose by 2.8% and service prices were up 1.6%.
Source www.hungarymatters.hu
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