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Nov 09, 2018

Hungary's CPI increased to 3.8 percent in October

According to the Central Statistical Office (KSH), the numbers accelerated from 3.6 percent in the previous month which show signs of a strengthening economy

New figures show that consumer prices in Hungary have risen by an annual 3.8 percent in October.

According to the Central Statistical Office (KSH), the numbers accelerated from 3.6 percent in the previous month which show signs of a strengthening economy.

KSH attributed a majority of the increase to higher vehicle fuel and tobacco prices. Food prices increased by 4.6 percent, household energy prices rose by 1.3 percent, consumer durable prices edged up by 0.2 percent and service prices climbed 1.9 percent.

Seasonally-adjusted core inflation, which excludes volatile fuel and food prices, reached 2.6 percent. In a month-on-month comparison, CPI was at 0.5 percent. Between January-October, consumer prices were up by an annual 2.8 percent.

Meanwhile, industrial output dropped by 0.6 percent in September due to more workdays in the base period.