Inflation Still High in Hungary

Consumer prices were 5.3% higher on average in June 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages, tobacco and motor fuels. In one month, consumer prices increased on average by 0.6%.

According to data published by the country's Central Statistical Office (KSH), in the past 12 months, compared to June 2020:
Food prices were up by 3.2%, within which the price of edible oil grew by 25.5%, that of margarine by 8.2%, the price of eggs by 7.8%, flour prices by 7.7%, the price of meals at canteens by 7.6%, restaurant meal prices by 6.1%, that of pork meat decreased by 5.6%. Alcoholic beverages and tobacco prices grew by 12.2% on average, within which tobacco prices by 19.7%. Consumers paid 3.7% more for consumer durables, within which new passenger cars cost 9.2% and living and dining room furniture 7.5% more for consumers. Motor fuel prices became 24.2% higher. Consumers paid 3.8% more for services, within which 10.1% more for repair and maintenance of dwellings and 7.3% more for recreational services.

KSH figures also indicate that in one month, compared to May 2021:
Consumer prices increased by 0.6% on average. Food prices were reduced by 0.1%, dominantly due to a 2.6% decrease in the price of seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits together) – calculated without this latter group, food prices went up by 0.3% on average. In this group, poultry meat cost 2.6%, meal at restaurants 1.3%, pork 1.1%, rolls 1.0%, flour and butter 0.9% more for consumers, while the prices of pasta products and coffee at shops decreased by 1.2%, other meat preparations by 0.7%. Household repairing and maintenance goods cost 2.3% more and motor fuels cost 0.3% less for consumers. Services became 2.0% more expensive, within which – as an effect of the abolition of free public parking – motorway toll and the charges for renting a car and parking became 33.9% and those for recreational services in the country 5.1% higher.