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Hungary: CPI inflation slowed to 6.7% y/y in June

Posted by Erste Bank der oesterreichischen Sparkassen AG in July 14th 2008  
Consumer prices rose just 0.1% m/m in June, while the 12-month CPI inflation rate slowed to 6.7% (from 7% published for May). Our expectation was 6.9% y/y, while estimations of market analyst fluctuated in the range of 6.8- 7% y/y. Thus, the June actual figures finally came as a positive surprise. The monthly change in food prices was not estimated well again. Food prices dropped by 0.4% m/m in June, after a 1.9% m/m rise, seen in May, as the usual summer decrease in seasonal food prices seems Read More...

Filed under: Fundamental