Hungary’s annualised consumer price index was 2.7 percent in January, unchanged for the third month in a row, data released by the Central Statistical Office (KSH) on Friday shows.
Higher prices for spirts and tobacco — lifted by compulsory excise tax increases — continued to lift headline inflation. Prices in the category were up 9.9 percent in January, including a 16.5 percent jump in the price of tobacco products.
Food prices increased by 3.9 percent, the slowest rate in more than two years. Consumer durable prices rose by 3.1 percent and clothing and footwear prices fell by 2.1 percent. Household energy prices edged up 0.3 percent and service prices increased by 1.7 percent. Prices in the category of goods that includes vehicle fuel inched down 0.1 percent, as vehicle fuel prices dropped 3.5 percent.
Featured photo by Zoltán Balogh/MTI