Hungary's Jarai says oil rise could impact prices

Hungarian central bank President Zsigmond Jarai said Thursday the increase in oil prices could have an impact on inflation this year.

Speaking to reporters at Thursday night's dinner event, he said: "If the oil prices remain as they are, there might be an effect on inflation. The effect could be 0.1 pct to 0.2 pct but not more," he added.

In the inflation report published by the central bank last month, it had forecast a core inflation of 2.2 pct for 2005.

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