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Financial News: Hungary Inflation Slows As Expected In May

Hungary Inflation Slows As Expected In May

06/08/2017 - 06:22:00 (RTTNews)

(RTTNews) - Hungary's consumer price inflation eased marginally in May, in line with expectations, figures from the Hungarian Central Statistical Office showed Thursday.

The consumer price index rose 2.1 percent year-over-year in May, slightly slower than the 2.2 percent climb in April.

The figure also matched consensus estimate. Inflation eased for the third month in a row.

Food prices grew 1.0 percent annually in May and those of clothing and footwear went up by 1.1 percent.

On a monthly basis, consumer prices edged up 0.2 percent from April, when it increased by 0.4 percent. That was also in line with economists' forecast.

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