Hungary CPI at Slowest Since 1974, Widening Rate-Cut Room

Hungary’s inflation rate dropped to the lowest level in almost 39 years, widening room for the central bank to keep cutting already record-low interest rates.

Consumer prices rose 2.2 percent last month from a year earlier, compared with 2.8 percent in the previous month, the statistics office in Budapest said. That was the slowest since September 1974 and less than the 2.5 percent median estimate of 19 economists in a Bloomberg survey. Prices rose 0.3 percent from February.