Food prices in Hungary were a staggering 45.2% higher in October than a year earlier, Eurostat data shows, with 10 countries in the EU's east facing food price inflation of more than 20%. The cost of food was 33.3% higher in Lithuania and up 30% in Latvia compared to October 2021. read moreCzech headline inflation slowed to 15.1% in October but food prices grew, while in Poland food and non-alcoholic beverages inflation was 22.3% in November, well ahead of overall CPI at 17.4%. Inflation in Hungary is expected to start a very slow decline in the first half of next year. "There are still no durable signs that the inflation dynamics are improving in Hungary," Goldman Sachs has said.

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