ADVERTISEMENT

Hungarian annual inflation in July second highest in EU

EU

While European Union annual inflation came to 1.4% in July, down from 1.6% in June, the second highest annual inflation rate at national level was registered in Hungary, at 3.3%, according to figures published by Eurostat, the EUʼs official statistical office.

A year earlier, the EU annual rate was 2.2%. In the euro area, annual inflation was down to 1.0% in July, from 1.3% a month earlier.

The lowest annual rates in July were registered in Portugal (-0.7%), Cyprus (0.1%), and Italy (0.3%).

The highest annual rates were recorded in Romania (4.1%), Hungary (3.3%), Latvia and Slovakia (both 3.0%). Compared with June, annual inflation fell in fifteen Member States, remained stable in two, and rose in eleven.

In July, the highest contribution to the annual euro area inflation rate came from services (+0.53 of a percentage point), followed by food, alcohol and tobacco (+0.37 pp), non-energy industrial goods (+0.08 pp), and energy (+0.05 pp), Eurostat said.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.