Hungary cenbank's tax-adjusted core inflation gauge rises to 16.6% in July



BUDAPEST, Aug 9 (Reuters) - The Hungarian central bank's tax-adjusted core inflation gauge rose to an annual 16.6% in July from 13.8% in June, it said on Tuesday, adding that household inflation expectations increased further.

"Measures of household inflation expectations are showing larger-than-usual volatility," the bank said. "The measures increased in July compared with the previous month."

A surge in core inflation to a 25-year-high in July and higher-than-expected headline inflation despite government price controls are piling pressure on the bank to raise interest rates further, analysts said.
Reporting by Gergely Szakacs

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