(Bloomberg) -- Hungary's inflation rate fell for a
second month in May, giving central bankers more room to cut its
benchmark interest rate, the highest in the European Union.
The annual rate declined to 8.5 percent from 8.8 percent in
April, topping the 8.3 percent median forecast of nine economists
surveyed by Bloomberg. Prices rose 0.8 percent from April, while
the core inflation rate, excluding volatile food and energy costs,
was 0.2 percent for the month and 5.7 percent for the year.
Read more at Bloomberg Emerging Markets News
second month in May, giving central bankers more room to cut its
benchmark interest rate, the highest in the European Union.
The annual rate declined to 8.5 percent from 8.8 percent in
April, topping the 8.3 percent median forecast of nine economists
surveyed by Bloomberg. Prices rose 0.8 percent from April, while
the core inflation rate, excluding volatile food and energy costs,
was 0.2 percent for the month and 5.7 percent for the year.
Read more at Bloomberg Emerging Markets News
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