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Consumer Prices Up 2.3% In April

• 10 May 2018 9:19 AM
• Hungary Matters

Inflation in Hungary, meaning consumer prices, grew by an annual 2.3% in April, accelerating from 2% in the previous month, the Central Statistical Office (KSH) said.

In a month-on-month comparison, prices were up 0.7%. KSH statistician Borbála Mináry said the annual price inflation of spirits, tobacco and food was the steepest while the average price rise of food grew by 4.2%.

Compared with March, the price of vehicle fuels rose by 2.7%, while food prices increased by 0.7% on average, she said.

The price of spirits and tobacco jumped by 6.3%. Clothing prices increased by 1.3%, household energy prices were up 1.3% and services prices rose by 1%. Prices in the category of goods that includes vehicle fuel climbed 1.4% and consumer durable prices were down 1%.

CPI harmonised for better comparison with other European Union member states stood at 2.4%. Seasonally-adjusted core inflation, which excludes volatile fuel and food prices, was also 2.4%.

The same rate of increase was the case for a basket of goods and services used by pensioners. In a month-on-month comparison, prices were up 0.7%.

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