Consumer prices - Diplomacy & Trade

Food Inflation Rate Exceeds 30% in Hungary

D&T — Thu, 08 Sep 2022 08:13:00 +0000

Annual inflation, the average increase in the price of goods and services, was 15.6% in August in Hungary compared to the same month last year, with food prices increased the most (30.9%), according to according to official data The monthly inflation rate in August was 1.8%, the Central Statistical Office reports. The 15.6% annual inflation […]

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Highest Inflation Rate in Hungary for 24 Years

D&T — Tue, 09 Aug 2022 09:27:00 +0000

Consumer prices in Hungary were 13.7% higher on average in July 2022 than a year earlier and the highest in twenty-four years. The largest price rises were measured for food and consumer durables year-on-year. The seasonally adjusted so-called core inflation was 16.7%, one of the highest in Europe. In one month, consumer prices increased on […]

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Foodstuff Prices are up in Hungary by over 34%

D&T — Fri, 05 Aug 2022 08:30:00 +0000

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 […]

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High Inflation Not Seen in Hungary for Over 20 Years

D&T — Wed, 08 Jun 2022 08:30:00 +0000

In May, consumer prices were on average 10.7% higher in Hungary than a year earlier. Over the past year, food and consumer durables have seen the biggest price increases. Consumer prices rose by an average of 1.7 % in one month, the country's Central Statistical Office reports. In 12 months, compared to May 2021:A price […]

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Price Rises Perceived Much Higher Than Official Data

D&T — Wed, 11 May 2022 08:16:00 +0000

According to the GKI Economic Research Institute, the population perceived a 22% rise in prices, compared to the official inflation figure of 9.5% in April, which is partly due to statistical reasons, but partly to the observation methodology, the research institute told the state news agency MTI. The researchers stressed that the perception of the […]

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Hungarians Experience The Highest Inflation in 15 Years

D&T — Fri, 08 Apr 2022 19:32:09 +0000

Consumer prices were 8.5% higher on average in March 2022 than a year earlier. The last time the inflation was as high was in June 2007. The highest price rise over the last 12 months was measured for food. In one month, consumer prices increased by 1.0% on average, the Central Statistical Office reports. In […]

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High Inflation Rate Not Seen in Hungary for 15 Years

D&T — Wed, 09 Mar 2022 11:27:00 +0000

Consumer prices were 8.3% higher on average in Hungary in February 2022 than a year earlier, the country's Central Statistical Office reports. The last time inflation was as high in Hungary was in August 2007. The highest price rises over the last 12 months were measured for motor fuels as well as food. In one month, consumer prices […]

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Highest Inflation in Hungary Since August 2007

D&T — Fri, 11 Feb 2022 12:56:00 +0000

Consumer prices were 7.9% higher on average in January 2022 than a year earlier. The last time the inflation was higher was in August 2007. The highest price rises over the last 12 months were measured for motor fuels as well as food. In one month, consumer prices increased by 1.4% on average, the Central […]

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Government Puts a Cap on the Price of Basic Food Items

D&T — Wed, 12 Jan 2022 19:18:00 +0000

The government has decided on a food price freeze, with the prices of six products to be fixed from February 1 at the same level as on October 15 last year, the prime minister announced on Wednesday. Viktor Orbán said following the cabinet meeting that the government had decided to intervene in the price of […]

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Out-of-Control Prices Expected in the Election Year

D&T — Mon, 10 Jan 2022 15:22:00 +0000

Inflation hit a 14-year high at the end of last year and the government is embarking on a massive cash giveaway ahead of the election. And the result is in: the majority of Hungarians expect retail prices to go out of control in 2022, according to a representative survey by Pulzus Research. Last November, consumer […]

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Official Inflation Rate Continues to Rise in Hungary

D&T — Tue, 09 Nov 2021 11:07:00 +0000

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 […]

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Annual Inflation Rate Increases Further in Hungary

D&T — Sat, 09 Oct 2021 08:00:00 +0000

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, […]

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Rising Inflation Figure in Hungary: 4.9%

D&T — Wed, 08 Sep 2021 10:26:00 +0000

Consumer prices were 4.9% higher on average in August 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 were up by 0.2% on average, the Central Statistical Office reports. In 12 months, compared to […]

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Official Figures Show 4.6% Annual Inflation Rate

D&T — Wed, 11 Aug 2021 08:10:00 +0000

Consumer prices were 4.6% higher on average in July 2021 than a year earlier, according to the Central Statistical Office. 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 were up by 0.5% on average. In the past 12 months, compared […]

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Inflation Still High in Hungary

D&T — Sat, 10 Jul 2021 08:30:00 +0000

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, […]

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