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Thursday, December 13, 2007

Hungary Inflation November 2007

Hungary's consumer prices rose by 7.1% year on year in November, the Central Statistics Office (KSH) has reported yesterday. The figure is up from 6.7% in October and 6.4% in September, and is definitely not good news since it will complicate monetary policy even further, even if it is not entirely unexpected. The increase largely attributable to fuels price increases, but the prices of processed food and milk also continued to rise.

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