Hungary’s CPI comes to negative 0.6% in March
The consumer price index in Hungary fell by a year-on-year 0.6% in March, slowing from February’s drop of 1%, in line with London’s emerging market analysts’ predictions of a 0.5%-1.1% decline, the Central Statistics Office (KSH) said today.
In year-on-year terms, food prices did not change, however a price increase was observed in case of egg (7.1%), meals at restaurants, canteens (2.3%) and edible oil (2.0%). Price decrease was measured in case of sugar (18.8%), cheese (3.9%), flour (3,2%) and poultry meat (1.8%).
The price of alcoholic beverages and tobacco products rose a year-on-year 2%, while services were up by 1.9%.
Regarding energy, the price decrease of electricity, gas and other fuels was 5.4% in year-on-year. Consumers paid 6.5% less for natural gas, 5.7% less for electricity, 3.4% less for purchased heat compared to the corresponding month of the previous year.
In a month-on-month comparison, food prices grew by 0.4% chiefly due to the price increase of seasonal food items (3.5%) i.e. potatoes, fresh vegetables, fruits. Food prices excluding seasonal food items did not change. Prices of services grew by 0.1%. In case of electricity, gas and other fuels slight price decrease (0.1%) was observed, in this group prices of butane and propane gas decreased by 2.2%.
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