In March, Hungarian rice became 19 percent more expensive

Published Apr 15, 2021

Tridge summary

The Central Statistical Office has reported significant price increases in various food and alcohol items over the past year. Sunflower cooking oil saw the highest increase at 28%, followed by husked paddy rice and white bread at 19% and 17% respectively. Vegetables and fruits such as apples and cucumbers also became more expensive. Among meat products, grilled bony beef saw a 12% increase, while pork prices fell by 11%. Alcoholic beverages like fruit-flavored spirits, table red wine, and table white wine also became more expensive. However, prices for items like butter and sour cream decreased by 2% and 1.1% respectively.

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

Original content

On an annual basis, sunflower cooking oil continued to become more expensive among the foods in the inflation basket of the Central Statistical Office. In one year, cooking oil rose by 28 percent, followed by husked paddy rice by 19 percent, and white bread by 17 percent. Among vegetables and fruits, apples and cucumbers have become more expensive in the last year. The average price of apples of HUF 443 in March increased by 15% in one year. It is true that the price level decreased by only HUF 6 compared to February, but this is roughly 70 percent of the peak of HUF 624 last August. The price of a cucumber of HUF 1,020 per kilogram is a decrease of HUF 30 per month, but it is still more than double the current price level of HUF 493 last August. At best, the price of late potatoes fell by 19 per cent in a year, but the 10 per cent minus onion is also significant. Compared to January 2021, the price increase of green pepper by 17 percent and cucumber by 13 percent will stand out. ...

Source: AgroForum