Official Inflation Rate Continues to Rise in Hungary

Consumer prices were 6.5% higher on average in October 2021 than a year earlier. Significant price rises were measured over the last 12 months for motor fuels as well as alcoholic beverages and tobacco. In one month, consumer prices increased by 1.1% on average, the Central Statistical Office reports.

In 12 months, compared to October 2020:

Food prices were up by 5.2%, within which the price of edible oil by 30.4%, that of margarine by 18.8%, flour prices by 12.5%, the price of canteen meals by 10.1%, that of poultry meat by 9.3%, rolls prices by 8.4%, the price of bread by 8.1% and that of both buffet products and restaurant meals by 7.9%. Motor fuel prices became 30.7% and the price of household repair and maintenance goods 13.9% higher. Alcoholic beverages and tobacco prices rose by 11.3% on average, within which tobacco prices by 17.6%. Consumers paid 5.4% more for consumer durables, within which 12.7% more for kitchen and other furniture, 12.5% more for living and dining room furniture, 10.8% more for jewellery and 6.9% more for new passenger cars. Services charges were up by 3.7%, within which the repair and maintenance of dwellings cost 13.8% and the repair and maintenance of vehicles 8.4% more for consumers.

In one month, compared to September 2021:
Consumer prices increased by 1.1% on average. Food prices became 0.7% higher, and calculated without seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits in total) 1.1% higher on average. Within food, flour cost 6.9%, pasta products 3.6%, both bread and coffee 3.1%, chocolate and cocoa 2.9%, margarine 2.6%, sugar 2.4%, cheese 2.1%, eggs 1.5% and rolls 1.3% more, while seasonal food items 2.0% less for consumers. The price of motor fuels was up by 7.3%. Clothing and footwear prices rose by 1.5% owing to seasonal changes. Consumer durables became 0.7%, within which second-hand passenger cars 1.8% and kitchen and other furniture 1.1% more expensive.

In January–October 2021 compared to same period of previous year:
Consumer prices rose by 4.6% for all households on average and by 4.2% among pensioner households.