Foodstuff Prices are up in Hungary by over 34%

Looking back over the past 12 months, it seems that Hungarian shops have been hit by price rises in several waves. The first jump came at the end of last year, when annualized inflation suddenly jumped from 1-2% to around 10%, then from 10% to 20% in February-March this year, and in July the increase was almost 35%, according to the Hungarian economic website G7.

The website always takes its data at the end of the month, and always from the same four chains – Aldi, Lidl, Penny Market and Tesco. In total, 42 products are analyzed, of which only four – carrots, turnips, apples and onions – are cheaper now than a year earlier.

Shop pricing was more consistent than in June, but we are still a long way from pre-inflationary times, they add.

What's more interesting is that we are still a long way from the HUF 1,000 per kilogram bread price that has been pushed in, because although non-entry-level bread has long been more expensive than that level, the cheapest half-brown averaged HUF  522 per kilogram in July, so a sudden doubling would be needed to reach the HUF 1,000 psychological limit, the website says.