Hungary's annual inflation accelerated to the highest level in five months in July, data released by the Central Statistical Office showed Tuesday.
Consumer price inflation increased to 5.8 percent in July from 5.6 percent in June. The latest figure was the highest since February, when prices rose 5.9 percent. Economists had expected inflation to remain unchanged in July.
Food and non-alcoholic beverages prices advanced 6.1 percent annually during the month, while clothing and footwear prices moved up 2.5 percent. Housing costs and utility prices were higher by 5.9 percent compared to last year, and transportation costs by 5.5 percent.
Month-on-month, consumer prices decreased a seasonally adjusted 0.1 percent in July, faster than the 0.2 percent fall economists forecast. In July, prices had increased by 0.1 percent.
by RTT Staff Writer
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