• Home
• Channel: Shopping
• Inflation Down Again in Hungary, Yet Flour Jumped Up 33% & Milk Prices Rose 14%

Inflation Down Again in Hungary, Yet Flour Jumped Up 33% & Milk Prices Rose 14%

• 11 Oct 2024 10:14 AM

Hungary's annualised consumer price index reached 3.0pc in September, falling from 3.4pc in the previous month, data released by the Central Statistics Office (KSH) show.

The KSH data show food prices rose 3.7pc in September. The price of flour jumped 32.9pc, milk prices rose 13.8pc and the price of eating out increased 7.6pc, but noodle prices fell 5.8pc, egg prices dropped 3.5pc and the price of poultry edged 2.4pc lower.

Household energy prices fell 5.0pc. Gas prices were 9.4pc lower and electricity prices declined 1.3pc.

Consumer durable prices edged down 0.2pc.

Motor fuel prices fell 9.5pc.

Prices of spirits and tobacco products increased 3.9pc and clothing prices rose 3.3pc. Service prices increased 8.4pc.
 

Core inflation, which excludes volatile fuel and food prices, was 4.8pc.

The CPI calculated with a basket of goods and services used by pensioners was 3.2pc.

In a month-on-month comparison, consumer prices edged down 0.1pc as motor fuel prices dropped 3.7pc.



Commenting on the fresh data, National Economy Minister Marton Nagy pointed to the success of government measures to bring high inflation, a consequence of the war and sanctions, down to a "persistently low" level.

The government is keeping some of those measures in place, such as an online price comparison platform featuring products stocked at the biggest supermarket chains in the country, he added.

Persistently low inflation translates as predictability and strengthens consumer confidence, boosting consumption and supporting economic growth, he said.

Click here to read the full report

Source: 
MTI - The Hungarian News Agency, founded in 1881.

*********************************

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 Flour Milk Prices

Explore More Reports

New Survey: Shoppers in Hungary Prepared to Hunt for Best Holiday Deals

• 14 Dec 2024 7:36 AM

Most consumers are actively searching for holiday discounts, according to EY's int'l survey of 13,000 shoppers. The study found that this behavior is especially prevalent among those under 27 (76%) and parents (79%).



Hungary's Consumer Price Index Up Again in November

• 11 Dec 2024 6:13 AM

Hungary's annualised consumer price index reached 3.7pc in November, rising from 3.2pc in the previous month, data released by the Central Statistics Office (KSH) show.



Acquisition of Auchan Hungary Gets Green Light in Line with Gov't Aim of Increasing Domestic Ownership in Retail

• 5 Dec 2024 5:49 AM

The final piece of the puzzle has been put in place with the clearance of the acquisition of Auchan Hungary by the Hungarian Competition Authority.



What's New at Budapest's Most Popular Christmas Market by St Stephens Basilica

• 28 Nov 2024 1:22 PM

If you're an expat living in Hungary then you're likely familiar with Budapest's famous St. Stephen’s Basilica Christmas Market. Known as one of Europe’s most enchanting holiday shopping destinations, this market consistently wins awards for its festive atmosphere. But is it worth the hype this year?