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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.