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Prices Increased by 22.5% Compared to Same Month of Previous Year in Hungary - Highest Rise in EU

• 9 Dec 2022 7:17 AM
• Hungary Matters

Consumer prices in Hungary rose by an annual 22.5% in November, accelerating from a 21.1% increase in the previous month on higher household energy and food prices, the Central Statistical Office (KSH) said.

Food prices rose by 43.8% as the price of bread jumped by 81.8%, egg prices by 102.9% and dairy products by 79.0%.

The government earlier rolled back prices for a number of staples, including pork, cooking oil and flour, in an effort to dampen inflation.

Household energy prices increased by 65.9%, lifted by new consumption restrictions for regulated utilities prices in force from Aug 1.

Gas prices rose by 124.3% and electricity prices by 28.3%.

Consumer durable prices increased by 14.4%.

Prices of spirits and tobacco products increased by 13.8%.

Month on month, CPI was 1.8%.

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Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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