Hungary’s annual consumer price index was 5.1% higher in May and level with April’s figure, the Central Statistical Office (KSH) said.
Driven by higher cigarette and vehicle fuel prices, inflation was at its highest level in years and well above Hungary’s 3% medium-term inflation target. Prices in the category of goods that includes vehicle fuel increased 13.4%, while spirits and tobacco prices were up 12.2%. Food prices were up 2.6%, household energy prices edged 0.4% higher and consumer durables prices rose by 3.5%.
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