Hungary’s consumer price index continued to edge lower in June and remained in the 2-4% tolerance band of the National Bank as the headline data fell to 3.7% (chart) last month from 4% in May, below analysts’ expectations as motor fuel prices had reduced headline CPI by 0.4pp, but the annual rate of services inflation was just below 10%. Inflation stagnated on a monthly basis, according to the monthly report of the Central Statistics Office (KSH) announced on July 9. The breakdown by categories showed that price pressures have disappeared in all segments except in the case of services, with pr…