Consumer Prices In Hungary Up 3.4% In July

  • 9 Aug 2018 6:47 AM
  • Hungary Matters
Consumer Prices In Hungary Up 3.4% In July
The Hungarian Central Statistical Office (KSH) says the CPI grew in Hungary by an annual 3.4% this July.

In a month-on-month comparison, prices were up 0.3%. The headline figure accelerated from 3.1% in June.

Food prices increased by 3.6% and the price of spirits and tobacco grew by 5.3%. Clothing prices inched up 0.7%, household energy prices were up 1.5% and service prices rose by 1.6%.

Prices in the category of goods that includes vehicle fuel climbed 7.5%, with fuel prices rising by 17.8%. Consumer durable prices eased by 0.1%.

Annual CPI harmonised for better comparison with other European Union member states stood at 3.4%. Seasonally adjusted core inflation, which excludes volatile fuel and food prices, was 2.4%.

Calculating with a basket of goods and services used by pensioners, inflation was 2.9%. Péter Virovácz of ING Bank said inflation growth was above the 3.3% market consensus for July but core inflation remained unchanged.

Gergely Suppan of Takarékbank attributed the higher-than-expected CPI to rising fuel prices. Rising food prices could boost prices soon, he said.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports

  • Inflation Up 3.4% For Consumers In 2019

    Inflation Up 3.4% For Consumers In 2019

    • 15 Jan 2020 9:52 AM

    Hungary’s consumer price index increased by 3.4% in 2019, while in the month of December it rose by 4%, the Central Statistical Office (KSH) said.

  • Hungary’s Inflation Falls To 3.1% This August

    Hungary’s Inflation Falls To 3.1% This August

    • 12 Sep 2019 6:31 AM

    Hungary’s annualised consumer price index stood at 3.1 percent in August, down from 3.3 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.

  • Hungary's Consumer Prices Up 3.7% In March

    Hungary's Consumer Prices Up 3.7% In March

    • 11 Apr 2019 7:18 AM

    Hungary’s consumer price index in March rose by an annual 3.7% compared with an increase of 3.1% in February, the Central Statistical Office (KSH) said.