Inflation 5.1 percent in April

Hungary's consumer price index increased by an annual 5.1 percent in April, the Central Statistical Office (KSH) said on Tuesday.

KSH noted that tobacco prices grew by 20.1 percent, while vehicle fuel prices were up 39.2 percent.

Core inflation, which excludes volatile fuel and food prices, was 3.1 percent.

KSH adopted a new methodology for calculating core inflation for the first time, excluding spirits and tobacco from the indicator. When it announced the change a week earlier, KSH said the measure was taken in line with European best practice and would reduce overlap between headline CPI and core inflation from 73 percent to 63 percent.

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