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Hungary’s inflation at 1.1%, a three-year high, in November

Figures

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Inflation was measured at 1.1% in November compared to the same month a year earlier, the Central Statistical Office (KSH) said in a first release of data today. The figure is a record high in the past three years, though still below the market expectation of 1.2%. In January-November, consumer prices were up 0.3% on average compared to the same period of 2015.

Consumer prices rose by 1.1% on average in November, as compared to the base period, KSH data shows. The highest price rises were measured for alcoholic beverages and tobacco (2.1%), as well as services (1.8%).

In November, consumers paid 0.7% more for food; the price of sugar increased by 16.3%, edible oil prices by 3.9% and chocolate and cocoa prices by 3.2%, while pork prices fell by 8.2%, egg prices by 3.5% and poultry meat prices by 2.8%, according to KSH.

Goods such pharmaceutical products, motor fuels, household products and recreational goods increased by 1%, and motor fuels by 0.6%, KSH added. Clothing and footwear prices also rose by 0.6% on average; the prices of electricity, gas and other fuels were unchanged; and consumers paid 0.8% less for consumer durables, according to KSH.

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