Prices are rising sharply in Hungary; here are the latest figures

Published 2021년 8월 10일

Tridge summary

Consumer prices in July saw an average increase of 0.5% from the previous month, with an annual inflation rate of 5.3%, down from 5.8% in June. The core inflation rate, which excludes alcoholic beverages, tobacco, and other specific items, was 3.5%, a decrease from 3.8% in June. Over the first seven months of the year, all household consumer prices increased by 4.2%, and for retired households, it was 3.9%. Notably, food prices rose by 3.1%, with significant increases in cooking oil and poultry meat, while alcoholic beverages, tobacco, and vehicle fuel experienced the highest year-over-year price increases at 11.1%, 18.1%, and 19.8%, respectively.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Consumer prices rose by an average of 0.5 percent in one month. Annual inflation slowed from the previous month, with an average annual rise of 5.3 per cent in June. The seasonally unadjusted, original core inflation was 3.5 per cent in July compared to the same month of the previous year, which does not include changes in the prices of alcoholic beverages and tobacco products according to the new methodology of the CSO from April. Core inflation also slowed from 3.8 percent in June. In January-July, consumer prices rose by an average of 4.2 per cent for all households and by 3.9 per cent for retired households compared to the same period last year. Compared to July last year, the price of food increased by 3.1 per cent, including 27.5 per cent for cooking oil, 8.4 per cent for workplace meals, 8.0 per cent for margarine, 7.7 per cent for poultry meat, 7.3 per cent for buffet goods and 7.2 per cent for flour, restaurant meals rose 6.2 percent. Alcoholic beverages and tobacco ...

Source: Agrarszektor