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KSH: Hungary’s CPI up 0.9% in December

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Hungary’s Consumer Price Index was up 0.9% in year-on-year terms in December, chiefly boosted by the price rise in alcoholic beverages and tobacco in this period, while motor fuel prices decreased significantly, Hungaryʼs Central Statistical Office (KSH) reported today. In 2015 as a whole, consumer prices were cut by 0.1% on average compared to the previous year.

In a year-on-year comparison, food prices rose by 2.2%, the price of alcoholic beverages and tobacco went up by 3.8%, those of consumer durables by 1.7% and the price of services by 1.5% on average, KSH said. Consumers paid 2.8% less for other goods (including pharmaceutical products, motor fuels, household products and recreational goods) and, within this, 8.9% less for motor fuels, according to data published by KSH. The price of electricity, gas and other fuels was cut by 0.2% on average, and within this, the price of butane and propane gas by 13.0%, while clothing and footwear prices decreased by 0.1%, KSH added.

Compared to 2014, consumer prices in 2015 were cut by 0.1% on average, KSH said. Overall food prices were up by 0.9%, prices of alcoholic beverages and tobacco rose the most, by 3.1%, the price of services rose by 1.9% and the price of consumer durables by 0.8% on average, KSH said. Clothing and footwear prices, overall, were unchanged, while the price of other goods decreased the most at 4.6%, and the price of electricity, gas and other fuels was reduced by 2.9%, KSH added.

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