Consumer inflation rate hits 9.5% in April
Image by Shutterstock.com
Consumer prices were 9.5% higher on average in April 2022 than a year earlier, with significant price increases measured for food and consumer durables, according to data published by the Central Statistical Office (KSH)
Compared to April 2021, a price rise of 15.6% was recorded for food items, within which 38% for margarine, 29.5% for both bread and poultry meat, 28.9% for cheese, 26.7% for eggs, 22.5% for milk products, 20% for rolls, 17.4% for seasonal food items, 3.6% for chocolate and cocoa and 3.4% for sugar.
Alcoholic beverage and tobacco prices rose by 5% on average, within which alcoholic beverage prices went up by 6.7%.
Consumers paid 11.1% more for consumer durables, within which 17.8% more for kitchen and other furniture, 17.3% more for living and dining room furniture, 14.7% more for second-hand passenger cars, and 10.6% more for new passenger cars.
The price of household repair and maintenance goods became 25.3%, pet food prices 19.8% and motor fuel prices 12.7% higher.
Service charges were up by 6.3%, within which the repair and maintenance of dwellings cost 19.5% and the repair and maintenance of vehicles 14.6% more for consumers.
Prices rise 1.6% compared to March
Compared to March 2022, consumer prices increased by 1.6% on average. Food became 3.4% more expensive, within which aggregate group price increases were recorded for all product groups apart from the group of nuts and poppy seed: 14.7% for eggs, 9.8% for pork, 8.3% for poultry meat, 6.2% for other meat preparations, 5.9% for cheese, 4.3% for margarine and 3.6% for milk products.
A price increase of 2.7% was measured for clothing and footwear and of 1.7% for consumer durables, within which kitchen and other furniture became 3%, living and dining room furniture 2.4%, new passenger cars 2.2%, and second-hand passenger cars 1.5% more expensive.
The price of household repair and maintenance goods rose by 5%. Consumers paid 0.7% more for services, within which 2.0% more for recreation in the country and 1.9% more for the repair and maintenance of dwellings.
January-April inflation rate reaches 8.5%
Compared to January-April 2021, consumer prices were up by 8.5% for all households on average and by 8.2% among pensioner households in the first four months of 2022.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
