MNB measures of underlying inflation remain below core inflation

In a monthly analysis released after publication of data from the Central Statistical Office (KSH) on January inflation on Tuesday, the National Bank of Hungary (MNB) said its measures of underlying inflation remained around 2%, below the level of core inflation, state news wire MTI reported.

As reported earlier Tuesday, consumer prices were 2.1% higher on average in January 2018 than in January 2017. Compared to the preceding month, consumer prices in January rose 0.3% on average.

Core inflation according to the KSH, which excludes volatile fuel and food prices, was up 2.5% year-on-year in January.

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