Consumer inflation at 7.4% in December

Figures

Photo by noppawan09/Shutterstock.com

Consumer prices were 7.4% higher on average in December 2021 than a year earlier, according to data by the Central Statistical Office (KSH).

Compared to December 2020, a price increase of 8% was recorded for food, within which 26.8% for edible oil, 23.7% for flour, 22.8% for margarine, 15.2% for bread, 13.4% for poultry meat, 12.1% for milk, 11.6% for rolls, 9.9% for canteen meals and 9.6% for restaurant meals.

Motor fuel prices became 25.9% and the price of household repair and maintenance goods 15.1% higher.

Alcoholic beverages and tobacco prices rose by 8.9% on average, within which tobacco prices by 12.7%.

Consumers paid 7.5% more for consumer durables, within which 15.3% more for kitchen and other furniture, 14.5% more for living and dining room furniture, 8.4% more for new passenger cars, and 7.2% more for second-hand passenger cars. 

Services charges were up by 5%, within which the repair and maintenance of dwellings cost 14.5% and the repair and maintenance of vehicles 9.6% more for consumers.

Prices up 0.3% compared to November

Consumer prices increased by 0.3% on average compared to November 2021.

Food became 1.4%, within which milk 7.8%, milk products 6.1%, pasta products 3.4%, bread 3.1%, sugar 2.9%, poultry meat 2.7%, cheese 2.4%, eggs 2.3%, buffet products 2.2% and flour 2.0% more expensive, while coffee 3.2% and chocolate and cocoa 1.6% cheaper.

The price of firewood was up by 1.5% and butane and propane gas prices by 3%.

Motor fuel prices were cut by 5.3%. Consumers paid 1.1% more for durable consumer goods, within which 2.1% more for second-hand passenger cars and 1.3% more for new passenger cars.

2021 inflation reaches 5.1%

Consumer prices increased by 5.1% on average, within which the highest price rise of 10.9% was measured for alcoholic beverages and tobacco.

A price rise of 9.6% was recorded for other goods, 4.5% for consumer durables, 4.1% for food, 2.9% for services, 0.5% for electricity, gas and other fuels, and 0.2% for clothing and footwear. 

Consumer prices went up by 4.6% on average among pensioner households.

Hungary Gasoline Prices 3% Over Regional Avg Energy Trade

Hungary Gasoline Prices 3% Over Regional Avg

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

Cordia’s Marina City Project Begins Residential

Cordia’s Marina City Project Begins

Budapest Airport Wins 'Best Airport in Eastern Europe' for 1... Awards

Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...

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.