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Hungarian inflation hits double figures, 20-year-high
Despite a range of price caps fixes by government
08 June, 14:55
(ANSA-AFP) - BUDAPEST, JUN 8 - Hungarian inflation hit 10.7
percent Wednesday according to official data, the first double
figure reached in 20 years, despite a range of price caps fixed
by Prime Minister Viktor Orban. Annual inflation in May, up from
9.5 percent in April, was the fastest increase since 2001, with
most consumer basket items like food and consumer goods rising
year-on-year by over 10 percent. Hungary's central bank MNB said
Wednesday that household inflation expectations also "showed
unusually high volatility". (ANSA-AFP).
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