Hungary Inflation Falls to 3.7% in February
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Hungarian consumer prices were 3.7% higher on average in February 2024 than a year earlier., according to data published by the Central Statistical Office (KSH).
A price increase of 2.2% year-on-year was recorded for food, within which the highest ones for the following: 32.8% for sugar, 14.4% for chocolate and cocoa, 12.7% for non-alcoholic beverages, 12.2% for buffet products and 9.4% for pork. Within the product group, flour prices decreased by 19.6%, the price of eggs by 19.1%, that of cheese by 15.6%, butter prices by 15.3%, the price of pasta products by 13.4% and that of milk by 11.2%.
Electricity, gas, and other fuels became 9.0% cheaper, within which 19.3% less had to be paid for natural and manufactured gas, 3.3% less for electricity, and 1.9% less for firewood. Service prices went up by 10%, within which rents grew by 14.4% and the repair and maintenance of vehicles became 10.8%, motorway use, renting a motor vehicle and parking also 10.8%, other public entertainment tickets 9.5% and recreational services 9.7% more expensive and travel to work or school 21.7% cheaper.
Alcoholic beverages and tobacco prices rose by 5.3%, within which the price of alcoholic beverages by 5.9%. Pet food prices were up by 11.9%, the price of detergents by 11%, that of pharmaceutical products by 7.3% and toilet articles prices by 4.7%.
Consumers paid 2% less for consumer durables, within which the price of second-hand passenger cars was cut by 10.5% and that of kitchen and other furniture increased by 6.9%, heating and cooking appliances prices by 2.3%, the price of living and dining room furniture by 2.1% and that of new passenger cars by 1.3%. Motor fuels became 2.4% cheaper.
Prices Rise 0.7% in a Month
Consumer prices rose by 0.7% on average. Food became 0.2% more expensive on average, within which seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits) cost 1.1%, chocolate and cocoa 1.5%, non-alcoholic beverages 1.1%, buffet products 0.7%, rolls 0.6% and bread 0.5% more and sugar 3.4%, coffee 2%, eggs 1.5%, poultry meat 1.3%, butter and pork both 1.2% and milk products 1.1% less for consumers.
Electricity, gas and other fuels became 0.6% more expensive, within which 1.7% more was paid for natural and manufactured gas and 2.2% less for firewood.
Services became 0.6%, within which the repair and maintenance of vehicles was 1.5% more expensive, rents increased by 1% and the repair and maintenance of dwellings also became 1% more expensive. Motor fuel prices went up by 6.7%.
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