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KSH: Consumer prices up 0.5% in November, year-on-year

Figures

Hungary’s Consumer Prices Index (CPI) saw a year-on-year 0.5% increase in November, with the highest price being recorded for alcoholic beverages and tobacco, while motor fuel prices decreased significantly, Hungary’s Central Statistical Office (KSH) reported today.

Monthly consumer price indices in Hungary. Corresponding period of previous year = 100. (Source: Central Statistical Office)

Data by KSH shows that food prices saw year-on-year a rise of 2%, and within this, the prices of seasonal food items – potatoes, fresh vegetables and fruits – were up by 21.4%, edible oil prices by 12.9%, sugar prices by 4.3% and egg prices by 2.6%, while the price of milk was cut by 9.5% and cheese prices by 7.5%.

The prices of alcoholic beverages and tobacco went up by 3.7%, those of consumer durables by 2.0%, service prices by 1.4% and clothing and footwear prices by 0.4% on average, in year-on-year terms in November, KSH said.

The prices of electricity, gas and other fuels were cut by 0.3% on average, and within this, the price of butane and propane gas dropped by 12.8%, KSH said, adding that consumers paid 4.5% less for other goods (including pharmaceutical products, motor fuels, household products and recreational goods) and, within this, 12.6% less for motor gas types.

In a month-on-month comparison, CPI was unchanged on average, KSH reported. Food prices rose by 0.1%, while clothing and footwear prices increased at the highest rate (0.7%). KSH said, adding that the prices of consumer durables were up by 0.3% and those of alcoholic beverages and tobacco as well as electricity, gas and other fuels by 0.1%.

The prices of services were reduced by a month-on-month 0.2%, within which those of recreational services by 3.3%, while the prices of other goods were unchanged on average, within which group those of motor fuels decreased by 0.2%, KSH said.

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