Hungary’s CPI growth slows to 2.2% in April
pixabay
Consumer prices in Hungary were 2.2% higher on average in April, compared to the same month of 2016, according to a first release of data published by the Central Statistical Office (KSH). Inflation slowed from 2.7% year-on-year in March and 2.9% in February.
Food prices rose by 1.9% on average. A higher-than-average price rise of 5.0% was recorded for other goods (pharmaceutical products, motor fuels, household products and recreational goods), within which the increase was 10.7% for motor fuels, the KSH reported.
Consumers paid on average 2.9% more for alcoholic beverages and tobacco, 1.7% more for services and 0.6% more for electricity, gas and other fuels, while consumer durables cost 0.6% and clothing and footwear 0.1% less for consumers, the KSH added.
In the January-April period, consumer prices went up by 2.5% on average, compared to the corresponding period of the previous year.
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.