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Hungary’s inflation reaches 2 per cent as services rise

Hungary’s October consumer prices were 2 per cent above a year earlier and 0.4 per cent higher than in September. Services and motor fuels became more expensive, while food and household energy prices fell in the annual comparison. The unadjusted core measure and the European Union’s harmonized measure recorded different annual increases, reflecting their separate scopes.

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Annual prices rise by 2 per cent

Hungary’s consumer prices rose 2 per cent annually in October. Services became 5.2 per cent more expensive and consumer durable goods increased 1.4 per cent over the year. The national price release put services among the categories showing larger increases than the general index.[1], [2]

Hungary’s Central Statistical Office, the national statistics agency, measured a 0.4 per cent monthly rise in overall prices. Taxi fares were 11.6 per cent higher than a year earlier, postal services rose 9.6 per cent and personal care increased 9 per cent. Theatre tickets were 8.3 per cent more expensive in the annual comparison.[1]

Food and household energy become cheaper

Food prices declined 1.1 per cent over the year; excluding food-serving services, the fall was 4.1 per cent. Butter cost 14 per cent less and fresh fruit was 12.9 per cent cheaper. Household electricity, gas and other fuels fell 4.3 per cent overall. Gas declined 11.2 per cent, while electricity increased 1.2 per cent. Motor fuels rose 11.3 per cent annually.[1]

Fuel prices rise from September

Compared with September, motor fuels increased 3 per cent and clothing and footwear rose 2.1 per cent. Food and services each increased 0.2 per cent. The unadjusted core index rose 2.1 per cent annually and 0.3 per cent monthly. The harmonized index increased 2.4 per cent annually and 0.3 per cent monthly. Annual inflation for the pensioner consumption basket was 1.4 per cent.[1]

References

  1. News sourceHungarian Central Statistical OfficeHungary’s October inflation reaches 2%↩1↩2↩3↩4
  2. News sourceRTTNewsHungary’s October annual inflation reaches 2 per cent↩
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