Automotive sector output in Hungary edges up 1.6% y/y in February
10 hours ago
Latvia's consumer price index (CPI) climbed 3.4% y/y in March, data released by the Central Statistical Bureau (CSB) on April 10 showed.
The reading sees price growth accelerate 0.1pp compared to February and marks the ninth successive month of positive inflation. The growth trend is in line with forecasts for a decisive pick up of inflation this year, after the index barely moved in 2016.
In monthly terms, prices grew 0.9%, 0.5pp faster then in the previous month. All segments – with an exception of clothing and footwear, where prices fell 2% y/y – recorded annual price growth. Prices in the communication and transport segments segment grew the fastest, at 6.9% and 6.4%, respectively. Food prices also contributed to growth in the headline figure, having expanded 5.4% on the year.
CPI is expected to grow an average 1.8% in 2017, according to the European Commission. Swedbank is less conservative, predicting prices will grow 2.5%. The index added just 0.1% last year, tipped into the black by a surge in December.
Related Content
Data
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
_1713174351.png)
Slovak inflation eased further to 2.3% in March
Prices in the alcohol and tobacco sector increased by 19% y/y, including the 9.1% spike in tobacco prices as a result of the new consumption tax.
Polish inflation eases further to 2% y/y in March
The inflation rate landed within the National Bank of Poland’s target of 1.5%-3.5% for a second successive month
CEE falling inflation trend comes to an end
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Hungary’s CPI edges lower, but price pressures remain in service sector
Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.
Most Read
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Iran vs Israel: Who is better equipped for war?
2 days ago
-
US Speaker Johnson releases preliminary details of a new $43bn Ukraine aid package
11 hours ago
-
Russia’s war economy boosted by rising oil prices
10 hours ago
-
Huge billboard in Tehran calls Israel 'weaker than a spider's web' after weekend attack
21 hours ago
-
Saudi Arabia to scale back plans for Neom city
6 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
Iran vs Israel: Who is better equipped for war?
2 days ago
-
The ruble overtakes the yuan as Russia's main currency for settling international trade deals
7 days ago
-
Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
7 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
17 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
21 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
26 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
19 days ago