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Hungary Inflation Steady In January

Hungary's inflation remained stable in January at an eight-month low, figures from the Hungarian Central Statistical Office showed on Tuesday.

The consumer price index rose 2.7 percent year-on-year in January, same as in December. Economists had expected a rise of 2.8 percent.

The headline inflation rate was the lowest since April 2018, when inflation was 2.3 percent.

Food prices climbed 4.2 percent, the slowest pace in five months. The prices for alcohol and beverages rose 6.9 percent, highest since November 2017.

Fuel and power prices registered a 1.2 percent increase in January, the same as in November.

Clothing and footwear and consumer durable prices rose 1.5 percent and 0.8 percent, respectively, in January.

On a monthly basis, the CPI edged up 0.3 percent in January, reversing a similar size decline in the previous month.

Core inflation was 3.2 percent in January and the measure rose 0.4 percent on a monthly basis.

The EU measure of inflation, harmonized index of consumer price or HICP rose 2.8 percent annually in January, and by 0.3 percent compared to the previous month.

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