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Hungary's CPI Falls to 5.5% in December, Averages 17.6% for the Year

2024. január 16.

bne IntelliNews

The growth in Hungary’s consumer price index (CPI) fell to 5.5% (chart) in December from 7.9% in November, the lowest reading in 26 months, the Central Statistics Office (KSH) announced on January 12.

The figure came well below analysts’ forecasts, even as they had assumed that lower fuel prices due to the phase-out of price caps a year earlier would weight heavily on the headline data.

Fuel prices had contributed 2.4pp to the drop in the headline CPI in the December reading.

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