KSH: Hungary’s CPI drops 0.3% in April

Figures

The consumer prices index in Hungary saw a year-on-year decrease of 0.3% year-on-year in April, accelerating from the previous month’s 0.6% drop, despite analysts expecting a drop of 0.5%, the Central Statistics Office (KSH) reported today.

In year-on-year terms, food prices rose by 0.4%. A price decrease was reported in the case of sugar (16%), cheese (6.3%), milk (4.1%) and flour (3.4%). While the price of alcoholic beverages and tobacco, rose 2.7%.

The price increase of services was 2.3%, and within this category, the prices of transport services grew by 2.1%. The price decrease of electricity, gas and other fuels was 5.1% on average. Within this category consumers paid 5.8% less for natural gas, 5.7% less for electricity and 3.4% less for purchased heating.

Consumers paid 4.5% less for other goods (including household and pharmaceutical products, as well as motor fuels and recreational goods), and within this category, the price of motor fuels decreased by 12.1%.

In month-on-month terms, prices of food rose by 0.6%, mainly due to the price increase of seasonal food items (8.3%); i.e. potatoes, fresh vegetables and fruits. The price of services grew by 0.4%, and a lesser rise in price was observed in the case of alcoholic beverages and tobacco and consumer durable goods (both 0.3%). The prices of electricity, gas and other fuels did not change. An average price decrease of 0.2% was measured in the case of other goods, and in this category consumers paid 0.4% less for motor fuels.

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