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Hungary Inflation at 3.6% in March

Figures

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Consumer prices in Hungary were 3.6% higher on average in March 2024 than a year earlier, according to data published by the Central Statistical Office (KSH).

Compared to March 2023, a price increase of 0.7% was recorded for food, within which the highest ones for the following: 30.9% for sugar, 11.6% for chocolate and cocoa, 10.4% for buffet products, 9.1% for pork and 7.5% for non-alcoholic beverages. Within the product group, flour prices decreased by 20.3%, the price of eggs by 19.7%, that of pasta products by 13.1%, cheese prices by 13%, the price of milk by 11% and that of bread by 10.5%. 

Electricity, gas and other fuels became 3.1% cheaper, within which 6.9% less had to be paid for natural and manufactured gas and 3.2% less for electricity. Service prices went up by 9.9%, within which rents grew by 14.1% and motorway use, renting a motor vehicle and parking became 10.7%, the repair and maintenance of vehicles 10.5%, other public entertainment tickets 8.7% and recreational services 6.8% more expensive and travel to work or school 21.7% cheaper. 

Alcoholic beverages and tobacco prices rose by 4.4%, within which the price of tobacco by 4.7%.

The price of detergents increased by 8.4%, that of pharmaceutical products by 6.8% and toilet articles prices by 4.6%.

Consumers paid 1.8% less for consumer durables, within which the price of second-hand passenger cars was cut by 9.3% and that of kitchen and other furniture went up by 6.0%, living and dining room furniture prices by 3%, the price of new passenger cars by 2.5% and that of heating and cooking appliances by 1.9%. Motor fuels became 2.3% more expensive.

Prices up 0.8% Month-on-month

Consumer prices rose by 0.8% on average compared to February 2024. Food became 0.1% more expensive on average, within which seasonal food items (potatoes, fresh vegetables, and fresh domestic and tropical fruits) cost 0.7%, poultry meat 0.5% and pork 0.4% more and pasta products 1.9%, sugar 1.7%, eggs 1.3%, milk products 1.0%, coffee 0.8%, butter 0.6% and bread 0.4% less for consumers.

Electricity, gas, and other fuels cost 2.4% more, within which 5.3% more for natural and manufactured gas.

 Services became 1.8%, within which TV subscriptions 11.4%, telephone and internet services 10.8%, the repair and maintenance of dwellings 1.1%, and the repair and maintenance of vehicles 0.9% more expensive. Motor fuel prices increased by 2.1%.

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