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Financial News: Hungary Aug Inflation Accelerates More Than Expected

Hungary Aug Inflation Accelerates More Than Expected

09/08/2017 - 04:16:00 (RTTNews)

(RTTNews) - Hungary's consumer price inflation accelerated at a faster-than-expected pace in August to the highest level in five months, figures from the Hungarian Central Statistical Office showed Friday.

The consumer price index climbed 2.6 percent year-over-year in August, faster than the 2.1 percent increase in July. The inflation was forecast to rise to 2.5 percent.

Moreover, the latest inflation was the strongest since March, when prices had grown 2.7 percent.

Food prices rose 3.2 percent annually in August and costs for services went up by 1.8 percent.

Month-on-month, consumer prices edged up 0.1 percent in August, after showing no variations in the preceding month. Economists had expected prices to remain flat during the month.

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