Hungary's consumer prices climbed 5.9% year on year in September, compared to a 3.5% increase in August, the Central Statistics Office (KSH) has reported on Wednesday. The consensus was for a CPI of 5.2%.
Consumer prices went up 2.5% from August, the KSH said, adding that the hike of the middle VAT rate to 20% from 15% on 1 September, as well as a raise in excise tax, have taken up the index 1.5 ppts.
January-September CPI came in at 3.1%, up from an increase of 2.7% in January-August.
Core inflation was a massive 4% yr/yr in September, which compares with +2.4% yr/yr in August, and reached 1.7% m/m.
Food prices jumped 3.2% from August against a 0.6% m/m decline in the previous month. In annual terms they leaped 11.6%, up from a 8% increase in August.
The price of consumer durables edged up by 0.3% in monthly terms (vs. +0.4% in August) but was down 3.1% in annual terms, against a 4.1% yr/yr decrease in August.
The price of electricity, gas and other fuels has really taken off, going up 16.2% in monthly terms (vs. +0.7% in August) and rose 16.6% yr/yr (vs. +0.7% in Aug).
The price of services increased by 0.9% and 5% in monthly and annual terms, respectively (vs. +0.6% m/m and +3.7% yr/yr in Aug).
The price of other goods including motor fuels and lubricants was down 1% from August (vs. no change in the previous month) and rose 1% from September 2005 (vs. +3.6% yr/yr in Aug).
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts,
spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas
