Consumer Price Index in Hungary 11.7% Higher on Average in June

  • 19 Jul 2022 11:54 AM
  • Budapest Business Journal
Consumer Price Index in Hungary 11.7% Higher on Average in June
Consumer prices in Hungary were 11.7% higher on average in June 2022 than a year earlier, according to data published by the Central Statistical Office (KSH).

The highest price rises over the last 12 months were measured for food and consumer durables. 

An annual price rise of 22.1% was recorded for food, within which the highest price increases for the following: 58.1% for margarine, 43.4% for cheese, 39.9% for pasta products, 39.7% for bread, 37.1% for poultry meat, 36.5% for milk products, 34.3% for eggs, 31.1% for rolls and 24.9% for milk.

The price of pork went up at a rate below the average, by 11.3%, and chocolate and cocoa cost 6.5% and sugar 5.7% more for consumers. 

Alcoholic beverage and tobacco prices rose by 7.3% on average, within which alcoholic beverage prices by 9.5%.

Consumers paid 12.4% more for consumer durables,within which 20.1% more for kitchen and other furniture, 19.7% more for living and dining room furniture, 17.6% more for second-hand passenger cars and 12.0% more for new passenger cars.

The price of household repair and maintenance goods became 29.6%, pet food prices 27%, the price of toilet articles 14.8% and motor fuel prices 11.2% higher. 

Service charges were up by 5.6%, within which a taxi cost 26.1%, the repair and maintenance of dwellings 20.6%, the repair and maintenance of vehicles 15.6% and recreational services 10.5% more for consumers.

Consumer prices up 1.5% compared to May

Compared to May 2022, consumer prices rose by 1.5% on average.

Food became 2.9% more expensive, within which margarine cost 12.7%, rice 6.6%, cheese 5.9%, milk products 5.1%, poultry meat 4.7%, rolls 4%, pasta products 3.7%, milk 3.6%, non-alcoholic beverages 3.3%, meals at restaurants and canteens 3.1% and bread 2% more for consumers, while the price of seasonal food items decreased by 1%.

A price increase of 1.4% was measured for consumer durables, within which kitchen and other furniture became 2.9%, living and dining room furniture 2.4% and second-hand passenger cars 2.2% more expensive.

A price rise of 0.8% was observed for alcoholic beverages and tobacco, as well as services, within which latter consumers paid 8.8% more for recreational services, 3.7% more for a taxi and 3% more for other public entertainment.

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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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