Consumer prices climbed 16.2% year-over-year in November, faster than the 15.1% rise in October.
In September, the inflation rate was 18%.
The price growth in housing, water, energy, and fuel rose to 16.9% in November from 11.1% in the prior month, as last year's zero VAT (value-added tax) for gas and electricity prices was partially reflected.
Prices for food and non-alcoholic beverages have the biggest influence among commodity groups, rising 26% from last year.
Clothing and footwear prices surged 18.2%, and transport charges were 13.6% more expensive. On a monthly basis, consumer prices moved up 1.2% in November.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
