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Hungary February Producer Price Inflation Slows, Below Forecast

Hungary's producer price inflation eased in February and came in below economists' forecast, data from the Hungarian Central Statistical Office showed Friday.

Producer prices increased 6.2 percent annually in February, slower than the 7.8 percent rise seen in January. Economists had expected inflation to ease to 6.4 percent.

Prices increased for the sixth month in a row in February. The latest figure is the lowest annual rate since September 2011, when prices advanced 4.1 percent.

On a monthly basis, prices decreased 1.3 percent in February, reversing the 0.3 percent gain in January.

by RTTNews Staff Writer

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