Domestic Food Inflation Among Highest in EU
Photo by Pero Studio / Shutterstock.com
In Hungary, food prices were 10.4% higher than in January, the fourth highest rate in the European Union, which has an average inflation rate of around 6.3%, 444.hu reported.
Based on Eurostat data, only the Baltic states preceded Hungary in that respect.
Considering only food, Hungary is on the top of the price rise list in the EU, according to agricultural economist György Raskó.
For bread, milk, fruits, beer, and alcohol-free beverages, the prices rose most in Hungary. Furthermore, the country's position had worsened compared with other EU members.
For instance, in June, Hungary led only in bread and meat.
ADVERTISEMENT
Hungary Agricultural Output Value Grows by 6.5%
Hungarian-American Business Chamber Established in Chicago
Number of Registered Jobseekers Down 3% in November
Mulled Version of Belle-Vue Kriek Makes Debut at Advent Fair
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.
