Hungary Inflation Falls to 12.2% in September

Retail

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Consumer prices in Hungary were 12.2% higher on average in September 2023 than a year earlier, according to data published by the Central Statistical Office (KSH).

A price rise of 15.2% was recorded for food, within it the highest ones for the following: 61.3% for sugar, 26.1% for chocolate and cocoa, 26% for buffet products, and 24% for non-alcoholic beverages. Within the product group, flour prices decreased by 13.9%, and margarine by 1.2%. 

Electricity, gas, and other fuels cost 14.6% less, within these prices of natural and manufactured gas decreased by 33.5%, electricity by 3.2%, firewood became 18.7%, butane and propane gas by 9.7% more expensive. Motor fuel prices went up by 35.4%. 

Services became 13.6% more expensive, within these motorway use, renting, a car and parking went up by 22.2%, recreational services by 20.2%, other public entertainment tickets by 17.5%, repair and maintenance of vehicles by 16.9%, transport cost to workplace, school lessened by 21.7%.

Alcoholic beverage prices were up by 15.5% and tobacco prices by 10.1%. Consumers paid 1.5% more for consumer durables, within these 9.8% more for kitchen and other furniture, 7.7% more for heating and cooking appliances, 7% more for new passenger cars, 4.1% more for living and dining room furniture, 8.5% less for second-hand passenger cars. Pet food prices became 30.6% higher, the price of detergents increased by 25.6%, that of toiletries by 13%, household repair and maintenance goods prices grew by 6.4%.

Consumer Prices up 0.4% on Month

Consumer prices were up by 0.4% on average compared to August 2023.

Food prices decreased by 0.2% on average, within it flour became 3.4%, seasonal food items (potatoes, fresh vegetables, and fresh domestic and tropical fruits altogether) 3%, sugar and pasta products both 2.6%, eggs 2%, margarine 1.8%, milk products 1.7%, milk 1.5% cheaper, while non-alcoholic beverages became 2.4%, fruit and vegetable juice 0.9%, pork 0.8% more expensive.

Motor fuel prices rose by 3.3%.

Consumers paid 1.8% more for clothing and footwear and 1% more for electricity, gas and other fuels, within the latter firewood prices increased by 7.7%, while natural and manufactured gas prices remained unchanged.

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