In year-on-year terms people paid 0.4% less for food, with pork prices down 17.2%, the price of cheese dropping by 8.1% and milk prices decreasing by 6.5%. Meanwhile, the price of sugar increased by 24.1%, edible oil prices were up by 7.1%, and the prices of seasonal food items grew by 5.0%, according to data by KSH.
According to KSH, alcoholic beverages and tobacco prices were up 1.9%; services grew by 1.6%; consumer durables increased by 0.7%; and clothing and footwear grew by 0.5% on average. Consumers paid 3.9% less for other goods – including 10.4% less for vehicle gas. The prices of electricity, gas and other fuels were reduced by 0.1%, KSH added.
As compared to the preceding month this year, food prices were 0.5% lower, predominantly due to the 3.3% price decrease of seasonal food items – potatoes, fresh vegetables and fruits, according to KSH. The prices of services increased by 0.3%, and prices of recreational services by 2.3%, from May to April, KSH said, and clothing and footwear prices were up by 0.1%. Compared to the previous month, the prices of alcoholic beverages and tobacco as well as electricity, gas and other fuels were unchanged overall in May, KSH data shows.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.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.
