Hungary’s inflation at 1.1%, a three-year high, in November
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.