Consumer prices up 2.7% y.o.y. in December

Figures

Image by Shutterstock.com

Consumer prices in Hungary were 2.7% higher on average in December 2020 than a year earlier, according to data released by the Central Statistical Office (KSH).

Food prices were up by 4.9% compared to December 2019, within which the price of edible oil by 13.7%, that of seasonal food items (potatoes, fresh vegetables, and fresh domestic and tropical fruits together) by 11.8%, sugar prices by 11.7%, the price of meals at canteens by 10.2%, that of other meat preparations by 7.8% and flour prices by 6.8%. Price decrease has been measured, in case of pork by 3.9% and poultry meat by 0.9%. Alcoholic beverages and tobacco became an average 8.8%, within which tobacco 14.4% more expensive. Consumers paid 2.8% more for consumer durables and 4.5% less for motor fuels.

Prices up 0.3% compared to October 2020

Consumer prices increased by 0.3% on average compared to October 2020. Food prices were cut by 0.5%, within which other meat preparations cost 2.0%, seasonal food items (potatoes, fresh vegetables, and fruits) 1.6%, poultry meat 1.3% and milk 0.7% less, while edible oil 2.0% and sugar 1.5% more for consumers. Alcoholic beverages and tobacco prices went up by 2.6% on average, within which tobacco prices by 5.2%. Consumers paid 3.6% more for motor fuels.

Consumer prices up 3.3% compared to 2019

Consumer prices rose by 3.3% on average, within which the highest price rise of 7.2% was measured for food. Alcoholic beverages and tobacco prices increased by 6.9%, the price of services by 2.9%, that of consumer durables by 1.4% and electricity, gas and other fuels prices by 0.3%. Clothing and footwear prices were unchanged on average, and the price of other goods lessened by 0.9%. Consumer prices were up by 3.8% on average among pensioner households.

ADVERTISEMENT

Wizz Air issues EUR 500 mln bond Transport

Wizz Air issues EUR 500 mln bond

Domestic ownership in OTP Bank grows Banking

Domestic ownership in OTP Bank grows

Gov't to roll out PIT exemption for Hungarians under 25 Government

Gov't to roll out PIT exemption for Hungarians under 25

Tourism nights down 85% y.o.y. in November 2020 Tourism

Tourism nights down 85% y.o.y. in November 2020

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.