Hungary’s consumer prices up 2.1% in May

Figures

Photo by Pixabay

Hungary’s consumer prices were up by 2.1% on average in May, compared to the same month of the preceding year, the Central Statistical Office (KSH) said this morning in a first release of data.

Food prices rose by 2.7% on average in April. The price of pork grew by 14.8%, while the price of poultry meat fell by 15.7%. The highest price rise of 3.9% on average was recorded for alcoholic beverages and tobacco, according to the KSH. 

The price of other goods also increased at a higher-than-average rate, by 2.8%, within which the price of motor fuels rose by 4.7%. Consumers paid on average 1.5% more for services, 0.7% more for electricity, gas and other fuels, and 0.4% more for clothing and footwear, while consumer durables cost 0.3% less for consumers, the KSH reported.

In May compared to the preceding month, consumer prices increased by 0.2% on average.

In the January-May period, consumer prices went up by 2.4% on average, as compared to the first five months of 2016.

ADVERTISEMENT

The New Age of Commerce is Approaching Analysis

The New Age of Commerce is Approaching

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

Blue Chip Art and Passion Assets - Claudia Worthington Hess ... Podcasts

Blue Chip Art and Passion Assets - Claudia Worthington Hess ...

Magyar Posta to Close 35 Post Offices in Capital City

Magyar Posta to Close 35 Post Offices in Capital

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.