KSH: Hungary’s CPI growth slows to 0.4% in July
Breaking a five-month rising trend, Hungary’s Consumer Prices Index (CPI) saw a year-on-year growth of 0.4% in July, following a y.o.y. rise of 0.6% in June, despite analystsʼ expectations of a 0.5% rise, Hungary’s Central Statistical Office KSH reported today in a first reading of data.
In year-on-year terms, KSH data suggest that food prices rose by 0.9%, while alcoholic beverage and tobacco prices rose 3.9%. Consumers paid an average of 1.9% more for services, and within this, 6.3% more for recreational services, KSH added. An average price rise of 1.0% was measured in the case of consumer durables, while consumers paid 2.8% less for other goods. The price of electricity, gas and other fuels was cut by 2.7% on average, and within this, the price of electricity by 5.7% and that of purchased heat by 3.4%.
In month-on-month terms, consumer prices were unchanged on average, KSH said. Food prices decreased by 1.1%. The price of services rose the most, by 0.9%, and in this group consumers paid 6.9% more for recreational services. Slight price rises were observed in the case of alcoholic beverages and tobacco as well as consumer durable goods (0.3% each). The price of other goods grew by 0.2% on average, and within this group, motor fuels prices were up by 0.7%. The price of electricity, gas and other fuels remained unchanged.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.