Consumer prices climbed 6.9% year-on-year in December, slower than the 7.3% rise in November. %. Prices for food & non-alcoholic beverages declined for the first time in 2 and half years (-0.3% vs 1.5% in November).
Additional downward pressure came from clothing & footwear (6.1% vs 7.4%), recreation & culture (6% vs 6.9%) and miscellaneous goods & services (4.9% vs 6%).
Meanwhile, inflation edged higher for health (6.6% vs 6.2%) and communication (3.6% vs 3.2%), while it was steady for education (at 6.4%). Also, transport costs continued to drop, albeit at a slower pace (-0.2% vs -2.3%).
On a monthly basis, the consumer price index (CPI) decreased by 0.4% in December, following a 0.1% rise in the previous two months. For the full year of 2023, the average i nflation rate stood at 10.7%.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
