The Central Statistical Office (KSH) said Hungarian inflation was an annual 4.6 percent in July, after 5.3 percent in June.
Figures show that CPI was driven by higher cigarette, spirits and vehicle fuel prices, with spirits and tobacco prices rising 11.1 percent, lifted by an 18.1 percent increase in tobacco prices. Prices in the category of goods that includes vehicle fuel grew by 8.6 percent, as vehicle fuel prices jumped 19.8 percent. Food prices were up 3.1 percent, household energy prices edged 0.4 percent higher, consumer durable prices rose by 3.8 percent and clothing prices edged down 0.2 percent. Core inflation, which excludes volatile food and fuel prices, was an annual 3.5 percent in July. CPI calculated with a basket of goods and services used by pensioners stood at 4.2 percent. In a month-on-month comparison, inflation was 0.5 percent.