Inflation in Hungary at 25.4% in February

Figures

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Consumer prices were 25.4% higher on average in February 2023 than a year earlier, according to data published by the Central Statistical Office (KSH).

A year-on-year price rise of 43.3% was recorded for food, within which the highest price increases were measured for the following: 79.2% for eggs, 76.2% for milk products, 75.1% for butter, 72.1% for cheese, 71.1% for bread, 68.6% for other confectionery products, 57.3% for pasta products, 53.7% for milk and 51.9% for rolls.

The lowest price rises within the product group were observed for flour (9.8%) and edible oil (3.4%). Electricity, gas and other fuels became 49% more expensive. Within this, natural and manufactured gas prices went up by 78.4%, the price of firewood by 59.5%, that of butane and propane gas by 52%, and electricity prices by 27.6%.

Consumers paid 12.6% more for consumer durables, within which 23.9% more for new passenger cars, 20.2% more for heating and cooking appliances, 19.6% more for kitchen and other furniture, and 17.8% more for living and dining room furniture. 

Alcoholic beverage and tobacco prices rose by 18.8% on average, within which alcoholic beverage prices by 25.6%. Pet food prices became 55.5%, the price of detergents 33.4%, that of household repair and maintenance goods 28.5% and toiletry prices 28.2% higher.

Motor fuels became 30.3% more expensive. Service charges were up by 11.6%, within which a taxi cost 33.2%, motorway use, renting a car and parking 27.7%, other public entertainment tickets 27.1%, the repair and maintenance of vehicles 24.7%, the recreation in the country 23.8% and the repair and maintenance of dwellings 22% more for consumers.

Prices up 0.8% Compared to January 2023

Compared to the previous month, consumer prices in Hungary were 0.8% higher in February 2023.

Food became 1.7% more expensive, within which seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits) cost 6.4%, coffee 6.1%, fruit, and vegetable juices 3%, non-alcoholic beverages 2.9%, meals at canteens 2.2%, meals at restaurants 1.9%, bread 1.3% and chocolate and cocoa 1.2% more for consumers.  Margarine became 2.2%, pork 0.6%, and poultry meat 0.5% cheaper.

The price of electricity, gas, and other fuels was cut by 2%, within which consumers paid 5.4% less for natural and manufactured gas. Motor fuel prices lessened by 3.6%. Pet food cost 7.0%, flowers and ornamental plants 4.9% and bed and table linen 3% more for consumers. 

Service prices increased by 1% on average, within which the repair and maintenance of vehicles became 2.5%, other public entertainment tickets 2.3%, recreation in the country 1.9%, and personal care services 1.6% more expensive.

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