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Hungary Food Prices Increase by 3.9 pc in a Year

MTI-Hungary Today 2021.02.12.

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.

Hungarian Food Prices Increase the Most in the EU
Hungarian Food Prices Increase the Most in the EU

Since July, Hungary has registered the highest inflation rate in Europe. Among the data, the Hungarian food price increase is exceptionally striking, according to economic site Portfolio, in reference to Eurostat’s data. According to the EU’s statistical office, prices in the EU rose by 0.4% in August in comparison to last year, while in the […]Continue reading

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