Finance minister: Hungary's high inflation rate 'temporary'

Hungary's current high level of inflation is temporary and, as long as the central bank makes full use of the tools at its disposal, consumer prices may return to around 3 percent next year, Finance Minister Mihaly Varga said on Monday. The central bank has already made a move to reduce inflation, having been the first European central bank to hike the base rate, Varga said in an interview to the website of private broadcaster atv.