Inflation & Prices
Hungary CPI Slows More Than Expected, Boosting Rate-Cut Case
- Annual price-growth slows to 3.4% compared with 3.6% estimate
- Central bank weighing when it can resume interest rate cuts
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Hungary’s inflation rate slowed more than expected, bolstering the case for the central bank to resume interest-rate cuts.
Consumer prices rose an annual 3.4% in August, the slowest pace in 3 1/2 years, according to data published by the statistics office on Tuesday. That compares with headline inflation of 4.1% in July and a 3.6% median estimate of 22 economists in a Bloomberg survey.