Hungary CPI hits 11.7% y.o.y. in June

The highest price rises over the last 12 months were measured for food and consumer durables. 

An annual price rise of 22.1% was recorded for food, within which the highest price increases for the following: 58.1% for margarine, 43.4% for cheese, 39.9% for pasta products, 39.7% for bread, 37.1% for poultry meat, 36.5% for milk products, 34.3% for eggs, 31.1% for rolls and 24.9% for milk. The price of pork went up at a rate below the average, by 11.3%, and chocolate and cocoa cost 6.5% and sugar 5.7% more for consumers. 

Alcoholic beverage and tobacco prices rose by 7.3% on average, within which alcoholic beverage prices by 9.5%.

Consumers paid 12.4% more for consumer durables,within which 20.1% more for kitchen and other furniture, 19.7% more for living and dining room furniture, 17.6% more for second-hand passenger cars and 12.0% more for new passenger cars.

The price of household repair and maintenance goods became 29.6%, pet food prices 27%, the price of toilet articles 14.8% and motor fuel prices 11.2% higher. 

Service charges were up by 5.6%, within which a taxi cost 26.1%, the repair and maintenance of dwellings 20.6%, the repair and maintenance of vehicles 15.6% and recreational services 10.5% more for consumers.

Consumer prices up 1.5% compared to May

Compared to May 2022, consumer prices rose by 1.5% on average.

Food became 2.9% more expensive, within which margarine cost 12.7%, rice 6.6%, cheese 5.9%, milk products 5.1%, poultry meat 4.7%, rolls 4%, pasta products 3.7%, milk 3.6%, non-alcoholic beverages 3.3%, meals at restaurants and canteens 3.1% and bread 2% more for consumers, while the price of seasonal food items decreased by 1%.

A price increase of 1.4% was measured for consumer durables, within which kitchen and other furniture became 2.9%, living and dining room furniture 2.4% and second-hand passenger cars 2.2% more expensive.

A price rise of 0.8% was observed for alcoholic beverages and tobacco, as well as services, within which latter consumers paid 8.8% more for recreational services, 3.7% more for a taxi and 3% more for other public entertainment.