CPI - December CPI – Inflation Pressure Building Further, Short Term Respite From Fuel Prices
December inflation was 2.7%, down 0.4pps from a month earlier. Core inflation rose to 2.8% from 2.6%. Annual average inflation reached 2.9% in 2018.
HEADLINE AND CORE INFLATION (YOY)
Source: CSO, Concorde
The headline inflation was reduced mainly by petrol prices and unprocessed food prices (base effect of eggs stand out).
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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