Consumer Prices In Hungary Up 2.7% In December

  • 15 Jan 2021 8:16 AM
  • Budapest Business Journal
Consumer Prices In Hungary Up 2.7% In December
Consumer prices in Hungary were 2.7% higher on average in December 2020 than a year earlier, according to data released by the Central Statistical Office (KSH).

Food prices were up by 4.9% compared to December 2019, within which the price of edible oil by 13.7%, that of seasonal food items (potatoes, fresh vegetables, and fresh domestic and tropical fruits together) by 11.8%, sugar prices by 11.7%, the price of meals at canteens by 10.2%, that of other meat preparations by 7.8% and flour prices by 6.8%.

Price decrease has been measured, in case of pork by 3.9% and poultry meat by 0.9%. Alcoholic beverages and tobacco became an average 8.8%, within which tobacco 14.4% more expensive. Consumers paid 2.8% more for consumer durables and 4.5% less for motor fuels.


Prices up 0.3% compared to October 2020

Consumer prices increased by 0.3% on average compared to October 2020. Food prices were cut by 0.5%, within which other meat preparations cost 2.0%, seasonal food items (potatoes, fresh vegetables, and fruits) 1.6%, poultry meat 1.3% and milk 0.7% less, while edible oil 2.0% and sugar 1.5% more for consumers.

Alcoholic beverages and tobacco prices went up by 2.6% on average, within which tobacco prices by 5.2%. Consumers paid 3.6% more for motor fuels.


Consumer prices up 3.3% compared to 2019

Consumer prices rose by 3.3% on average, within which the highest price rise of 7.2% was measured for food. 

Alcoholic beverages and tobacco prices increased by 6.9%, the price of services by 2.9%, that of consumer durables by 1.4% and electricity, gas and other fuels prices by 0.3%. 

Clothing and footwear prices were unchanged on average, and the price of other goods lessened by 0.9%. Consumer prices were up by 3.8% on average among pensioner households.

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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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