Inflation is Up in Hungary

Consumer prices were 3.7% higher on average in March 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 0.7% on average.

Compared to March 2020, food prices were up by 2.7%, within which the price of edible oil by 21.3%, that of flour by 8.2%, sugar prices by 7.6%, rice prices by 6.8%, the price of meals at canteens by 6.6% and eggs prices by 6.4%, the Central Statistical Office reports.

A price decrease of 7.8% was recorded for pork and of 1.9% for cheese. Alcoholic beverages and tobacco became an average 10.3%, within which tobacco 17.5% more expensive. Consumers paid 3.6% more for consumer durables, within which new passenger cars cost 11.4% and living and dining room furniture 5.4% more for consumers. Motor fuel prices became 17.7% higher.