Hungary 1% Negative Inflation In Feb
- 11 Mar 2015 8:00 AM
Consumer prices in Hungary fell by an annual 1% in February after a drop of 1.4% in January, the Central Statistical Office (KSH) said. Emerging market analysts in London had forecast the February decline at 1.2-1.4%. In a month-on-month comparison, the headline consumer price index rose by 0.5% in February, price growth seen for the first time since mid-2014.
Core inflation sped up to an annual 1% from a revised 0.8% in January.
KSH statistician Borbála Mináry said the fresh data show the falling trend in prices is starting to turn around.
Rising motor fuel prices and food prices, especially for seasonal foods, are the biggest factors behind the change, she added.
Source www.hungarymatters.hu
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