Hungary Household Expenditures on Consumption Climb 8%
Per capita expenditures of households on consumption rose 8% to HUF 1,483,00 last year, a summary of data published by the Central Statistical Office (KSH) shows.
Spending on food and soft drinks accounted for 26.4% of the total, while spending on housing and household energy made up 17.8%.
Transportation costs accounted for 11% and spending on other products and services for 8.4%.
Telecommunications spending made up 6.9% of the total.
Spending on culture and entertainment made up 6.3%, spending on healthcare 5.5% and spending on home furnishings 4.6%.
Spending on catering and commercial accommodations made up 4.1%, level with the spending ratio for clothing and footwear. The data show 4% of spending was for spirits and tobacco products and 0.8% was for education.
Households' net income averaged HUF 1,920,000 per capita last year, up 9%.
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.