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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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• Hungary Inflation Price Inflation

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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