Hungary CPI Rises To 3.6% In September

  • 10 Oct 2018 8:25 AM
  • Hungary Matters
Hungary CPI Rises To 3.6% In September
Consumer prices in Hungary rose by an annual 3.6% in September, accelerating from a 3.4% increase in the previous month, the Central Statistical Office (KSH) said.

The headline figure -- a more than five-year peak -- was lifted by higher prices for vehicle fuel, food and tobacco, KSH said.

Tobacco prices were raised by an excise tax increase. Food prices rose by 4.6%, including a 21.2% jump in seasonal food prices. The price of spirits and tobacco climbed 5.1%.

Clothing prices edged up 0.4%, household energy prices were up by 1.5% and services prices rose by 1.8%. Prices in the category of goods that includes vehicle fuel climbed 7.1% as vehicle fuel prices rose by 14.9%.

Consumer durable prices edged down 0.1%. Seasonally-adjusted core inflation, which excludes volatile fuel and food prices, rose by 2.4%. CPI harmonised for better comparison with other European Union member states was 3.7%.

Calculating with a basket of goods and services used by pensioners, CPI was 3.3%. Excluding the effect of tax changes, consumer prices rose by 4%. In a month-on-month comparison, prices edged up 0.3%.

Food prices rose by 0.5%, spirits and tobacco prices rose by 0.7% mainly on the higher excise duty, and clothing prices rose by 2.1% as the summer sales were over. Household energy prices increased by 0.3%, and vehicle fuel prices rose by 1.3%.

The price of services dropped by 0.4%. For the period January-September, consumer prices were up by 2.7% year-on-year.

  • 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

  • Consumer Prices Up In March, Especially Food, Alcohol & tobacco

    Consumer Prices Up In March, Especially Food, Alcohol & tobacco

    • 13 Apr 2018 9:45 AM

    Consumer prices were 2.0% higher on average in March 2018 than a year earlier, up slightly from a 1.9% year-on-year increase in February. The highest price increases were measured for alcoholic beverages, tobacco and food, according to a first release of monthly data from the Central Statistical Office (KSH) on Tuesday.