April Inflation Up in Hungary

  • 13 May 2024 6:06 AM
  • Hungary Matters
April Inflation Up in Hungary
Hungary’s consumer price index in April was 3.7% higher than the same month a year earlier, the Central Statistical Office (KSH) said.

Compared with March, prices rose by an average of 0.7%. Food prices rose by 1.0%. Household energy prices fell by 4.5%, albeit from a high base. Gas prices were 9.2% lower and electricity prices declined by 2.9%.

Consumer durable prices edged down by 1.7%. Prices in the category of goods that includes vehicle fuel rose by 3.9%, with vehicle fuels up by 3.5%.

Harmonised inflation, adjusted for better comparison with other European Union member states, was 3.6%. Core inflation, which excludes volatile fuel and food prices, was 4.1%. The CPI calculated with a basket of goods and services used by pensioners was 3.7%.

Commenting on the data, Márton Nagy, the national economy minister, said inflation remained low, in line with the trend in earlier months.

Inflation, which fell to one-seventh of last year’s CPI, posed no challenge to the national economy, he added.

Nagy said the government had successfully protected families, companies and jobs through targeted and effective measures.

Stable, low inflation contributed to re-starting the economy through growing real wages and a gradual pickup in consumption, he added.

Click here for the full report


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:

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?

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