Consumer prices up 2.5% in September


jessica fejos

Consumer prices in Hungary rose 2.5% year-on-year in September, slowing slightly from a 2.6% increase in August, according to a first release of monthly data from the Central Statistical Office (KSH) on Tuesday. The highest price rises over the past year were measured for alcohol and tobacco, as well as motor fuels and food.

State news wire MTI noted that emerging market analysts in London had expected the inflation rate to pick up to 2.7%-2.8%.

In September 2017 compared to September 2016, food prices rose by 3.1%, within which the price of butter rose by 16.5%, cheese by 9.5%, pork by 8.5%, coffee by 7.1%, bread by 5.9%, and other meat preparations by 5.8%. The price of poultry meat fell by 12.9%.

The highest price rise of 6.0% on average was recorded for alcoholic beverages and tobacco.

The price of other goods (pharmaceutical products, motor fuels, household products and recreational goods) was up by 2.7% on average, within which the price of motor fuels rose by 5.3%.

Prices of services rose by 1.8%, while prices of electricity, gas and other fuels increased by 1.0%. Consumers paid 1.1% more for clothing and footwear, while consumer durables cost 0.1% less.

MTI noted that seasonally adjusted core inflation, which excludes volatile fuel and food prices, accelerated further in September, to 2.9%, the highest rate recorded since January 2014.

In September 2017 compared to the previous month, consumer prices increased by 0.1% on average.

In January–September 2017 compared to the same nine-month period of 2016, consumer prices rose by 2.4% on average.


Lawmakers Approve No-fee Cashback Service Banking

Lawmakers Approve No-fee Cashback Service

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


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.