Annual Inflation Rate Increases Further in Hungary

Consumer prices were 5.5% higher on average in September 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices increased by 0.2% on average.

The central Statistical Office reports that in 12 months, compared to September 2020, food prices were up by 4.4%, within which the price of edible oil by 32.6%, that of margarine by 15.4%, canteen meals prices by 9.4%, the price of poultry meat by 9.2%, that of buffet products by 7.6% and restaurant meals prices by 7.3%.

Over this period, alcoholic beverages and tobacco prices rose by 11.2% on average, within which tobacco prices by 17.8%. Consumers paid 5.1% more for consumer durables, within which 12.9% more for jewellery, 11.6% more for living and dining room furniture, 10.6% more for kitchen and other furniture and 7.9% more for new passenger cars.

Motor fuel prices became 21.6% and the price of household repair and maintenance goods 13.8% higher. Services charges were up by 3.2%, within which the repair and maintenance of dwellings cost 13.5% and the repair and maintenance of vehicles 8.3% more for consumers.