Inflation spike continues in June
Photo by noppawan09/Shutterstock.com
Consumer prices were 5.3% higher on average in June 2021 than a year earlier, according to data published by the Central Statistical Office (KSH).
Significant price rises were measured over the last 12 months for alcoholic beverages, tobacco, and motor fuels.
Compared to June 2020, dood prices were up by 3.2%, within which the price of edible oil grew by 25.5%, that of margarine by 8.2%, the price of eggs by 7.8%, flour prices by 7.7%, the price of meals at canteens by 7.6%, restaurant meal prices by 6.1%, while that of pork meat decreased by 5.6%. Alcoholic beverages and tobacco prices grew by 12.2% on average, within which tobacco prices by 19.7%.
Consumers paid 3.7% more for consumer durables, within which new passenger cars cost 9.2% and living and dining room furniture 7.5% more for consumers. Motor fuel prices became 24.2% higher.
Consumers paid 3.8% more for services, within which 10.1% more for repair and maintenance of dwellings and 7.3% more for recreational services.
Prices rose 0.6% compared to May
Consumer prices were 0.6% higher in June than in May.
Food prices were reduced by 0.1%, dominantly due to a 2.6% decrease in the price of seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits together) – calculated without this latter group, food prices went up by 0.3% on average.
In this group, poultry meat cost 2.6%, meal at restaurants 1.3%, pork 1.1%, rolls 1%, flour and butter 0.9% more for consumers, while the prices of pasta products and coffee at shops decreased by 1.2%, other meat preparations by 0.7%. Household repairing and maintenance goods cost 2.3% more and motor fuels cost 0.3% less for consumers.
Services became 2% more expensive, within which – as an effect of the abolition of free public parking – motorway toll and the charges for renting a car and parking became 33.9% and those for recreational services in the country 5.1% higher.
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.