Consumer prices up 5.1% y.o.y. in April
Image by LaMography
Consumer prices were 5.1% higher on average in April 2021 than a year earlier, with significant price rises measured for alcoholic beverages and tobacco as well as motor fuels, according to data by the Central Statistical Office (KSH).
Compared to April 2020, food prices were up by 2.4%, within which the price of edible oil by 22.8%, that of buffet products by 7.8%, rice prices by 7.7%, the price of margarine by 7.5%, that of flour by 7.4%, pasta product prices by 6.8% and the price of sugar and that of fruit and vegetable juices by 4.9% both.
A price decrease of 6.9% was recorded for pork, of 1.6% for other meat preparations and of 1.2% for cheese.
Alcoholic beverages and tobacco prices grew by 12.2% on average, within which tobacco prices – mainly due to an increase in the excise duty on this product group – by 20.1%.
Consumers paid 3.4% more for consumer durables, within which new passenger cars cost 10.4% and kitchen and other furniture 5.5% more for consumers. Motor fuel prices became 39.2% higher.
Consumer prices up 0.8% compared to March 2021
Compared to March 2021, consumer prices increased by 0.8% on average. Food became 1.1% more expensive, within which seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits altogether) cost 3.9%, pork 3.7%, buffet products 2.3%, pasta products 1.8%, poultry meat 1.6% and rice 1.2% more, while butter and buttercream 1.1% and milk 0.3% less for consumers.
Consumers paid 3% more for clothing and footwear and 2.4% more for alcoholic beverages and tobacco. The excise duty on tobacco rose further on April 1, which resulted in a 3.7% increase in the price of the product group.
Motor fuel prices lessened by 1.2%.
In January-April 2021, consumer prices rose by 3.6% for all households on average and by 3.4% among pensioner households compared to the same period of 2020.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.