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Hungarian inflation slips into negative territory


Hungarian inflation slips into negative territory


Inflation in Hungary turned negative in April.

Consumer prices were minus 0.1 percent from one year ago, well below expectations.

They were up 0.1 percent from March.

The government said food prices were more moderate than expected, while the cost of household energy, fuel, clothing and durable goods slipped.

Hungary’s statistics service declined to call it deflation pointing out this is just one month’s figures and “deflation is prolonged negative inflation”.

The numbers give the central bank more room to further cut interest rates.

with Reuters

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