Hungary’s CPI drops further in July
pixabay
Following the trend of recent months, Hungary’s Consumer Price Index (CPI) was down by 0.3% on average in July, compared to the same month a year earlier, the Central Statistical Office (KSH) said in a first release of data today. Motor fuel prices fell significantly, while the highest price rises were measured for alcoholic beverages and tobacco, as well as services.
In the month of July, in year-on-year terms, consumers paid 0.2% more for food, within which the price of sugar increased by 25.1%, edible oil prices by 7.1%, and seasonal food items (potatoes, fresh vegetables and fruit) by 5.7%, while pork prices fell by 14.2% and the prices of cheese and milk by 6.2%, the KSH reported.
Alcoholic beverages and tobacco became 1.8% more expensive, prices of services increased by 1.3%, clothing and footwear by 0.9%, and consumer durables by 0.2% on average, according to the KSH, while consumers paid 4.9% less for other goods, within which motor fuels became 13% less expensive. Prices of electricity, gas and other fuels were reduced by 0.1%, the report added.
Compared to the previous month, consumer prices were lower by 0.2% on average, while they increased by 0.1% on average in the January–July period compared to the corresponding period of 2015.
Moody's Affirms Budapest's 'Baa3' Rating
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
