ADVERTISEMENT

Hungary’s CPI comes to negative 0.6% in March

Figures

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%.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.