• Home
• Channel: Finance
• Officially Now 3.6%: Inflation in Hungary Has “Collapsed” to One-Seventh of Last Year’s Rate, Says Minister

Officially Now 3.6%: Inflation in Hungary Has “Collapsed” to One-Seventh of Last Year’s Rate, Says Minister

• 12 Apr 2024 6:22 AM
• Hungary Matters

Annual inflation in Hungary was 3.6% in March, the Central Statistical Office (KSH) said. Month on month, prices rose by 0.8%.

Food prices edged up by 0.7%, while household energy prices went down by 3.1%.

Motor fuel prices increased by 2.3%. Services prices increased by 9.9%, while consumer durables went down by 1.8%.

Commenting on the data, Márton Nagy, the national economy minister, said inflation had “disappeared just as fast as it emerged”, arguing that CPI had “collapsed” to one-seventh of last year’s rate.

In addition to the base effects, the decline in inflation was also impacted by the lower repricing rates at the beginning of the year, Nagy said.

Full report by KSH available here

*********************************
You're very welcome to comment, discuss and enjoy more stories, via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Inflation Finance Minister

XpatLoop Media Partner

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.

Explore More Reports

Hungary Moves Up to 4th Place in EU VAT Compliance

• 19 Dec 2024 7:57 AM

Hungary has moved up to 4th place in the European Commission's VAT compliance gap ranking, Finance Minister Mihaly Varga said on Facebook.



First Place in EU: Over 1 Million Hungarians Have Govt Securities on Treasury Accounts

• 12 Dec 2024 8:00 AM

Over 1 million Hungarians have government securities on Treasury accounts, Finance Minister Mihaly Varga said in a video message posted on social media.



Fitch Revises Outlook in Hungary from Negative to Stable

• 9 Dec 2024 2:48 PM

Fitch Ratings affirmed Hungary's investment-grade sovereign rating and revised the outlook to stable from negative on Friday, the National Economy Ministry said in a statement.



Hungarian Finance Minister Presents Tax Bill to Parliament

• 31 Oct 2024 7:42 PM

A tax bill submitted by the Finance Ministry to parliament on Wednesday would double tax preferences for families with children, extend the preferential VAT rate for home purchases and phase out some taxes on businesses.