Consumer inflation falls to 4.6% y.o.y. in July

Figures

Photo by noppawan09/Shutterstock.com

Consumer prices in July 2021 were 4.6% higher on average than a year earlier, according to data published by the Central Statistical Office (KSH).

Compared to July 2020, food prices were up by 3.1%, within which the price of edible oil by 27.5%, that of canteen meals by 8.4%, margarine prices by 8%, the price of poultry meat by 7.7%, that of buffet products by 7.3%, flour prices by 7.2% and the price of restaurant meals by 6.2%. Alcoholic beverages and tobacco prices rose by 11.1% on average, within which tobacco prices by 18.1%.

Consumers paid 3.8% more for consumer durables, within which living and dining room furniture cost 10.7%, kitchen and other furniture 8.4% and new passenger cars 7.5% more for consumers. Motor fuel prices became 19.8% and the price of household repair and maintenance goods 11.9% higher.

Services became 2.9%, within which the repair and maintenance of dwellings 11.3% and recreational services 7.6% more expensive.

Consumer prices up 0.5% compared to June

Compared to June 2021, consumer prices increased by 0.5% on average. Food prices rose by 0.1%, and calculated without seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits in total) these prices went up by 0.4% on average. Within food, edible oil cost 3.8%, poultry meat 2.1%, butter 1.5% and both pasta products and canteen meals 1.1% more, while seasonal food items 2.4%, pork as well as salami, sausages and ham 0.8% and eggs 0.7% less for consumers.

Motor fuel prices increased by 4.2% and the price of household repair and maintenance goods by 4.1%. Services prices were up by 0.4%, within which recreational services prices by 7.8% on average.

 

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.