MNB-friendly inflation data out for January

HUNGARY - In Brief 13 Feb 2018 by Istvan Racz

CPI-inflation was 0.3% mom, 2.1% yoy in January, as released by the KSH this morning. The yoy rate was unchanged from December. Fuel prices rose by 1.5% mom, meaning that non-fuel inflation was 0.2% mom, the same as in January 2017, and 2.4% yoy, the latter also unchanged from December.Core inflation, as calculated by the KSH, fell to 2.5% yoy in January, from 2.7% yoy in the previous month. The MNB's three adjusted core rates fell very slightly, to 1.7-2.2% yoy from December's 1.8-2.2% yoy range.In fact, there was hardly any adjustment in administratively set prices in January, one excepti...

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