Inflation In Hungary This July 2nd Highest In EU

  • 22 Aug 2019 10:16 AM
  • Budapest Business Journal
Inflation In Hungary This July 2nd Highest In EU
While European Union annual inflation came to 1.4% in July, down from 1.6% in June, the second highest annual inflation rate at national level was registered in Hungary, at 3.3%, according to figures published by Eurostat, the EUʼs official statistical office.

A year earlier, the EU annual rate was 2.2%. In the euro area, annual inflation was down to 1.0% in July, from 1.3% a month earlier.

The lowest annual rates in July were registered in Portugal (-0.7%), Cyprus (0.1%), and Italy (0.3%).

The highest annual rates were recorded in Romania (4.1%), Hungary (3.3%), Latvia and Slovakia (both 3.0%). Compared with June, annual inflation fell in fifteen Member States, remained stable in two, and rose in eleven.

In July, the highest contribution to the annual euro area inflation rate came from services (+0.53 of a percentage point), followed by food, alcohol and tobacco (+0.37 pp), non-energy industrial goods (+0.08 pp), and energy (+0.05 pp), Eurostat said.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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