Hungary’s consumer price index falls more than expected, reinforcing arguments for interest rate cuts

In Hungary, inflation has fallen more than expected, supporting the central bank’s case for resuming its interest rate cuts.

Consumer prices rose 3.4 percent year-on-year in August, the slowest pace in three and a half years, according to statistics bureau data released Tuesday. Inflation in July was 4.1 percent, and the median estimate of 22 economists in a Bloomberg poll was 3.6 percent.