news letter Our mobile application

Weekly newsletter

Food Prices Up by 8.7 % in April, says Central Statistical Office

MTI-Hungary Today 2020.05.08.

Hungary’s annual consumer price index dropped to 2.4 percent in April from 3.9 percent in the previous month, the Central Statistical Office (KSH) said on Friday.

Prices in the category of goods that includes vehicle fuel dropped by 7.7 percent as fuel prices plunged by 22.7 percent due to the lockdown.

Food prices grew by 8.7 percent, the biggest rise in years. Prices of tobacco and spirits rose by 7.2 percent because tax changes. The price of services increased by 3 percent.

Harmonised for better comparison with other European Member states, CPI stood at 2.5 percent.

Core inflation, which excludes volatile fuel and food prices, was 4.3 percent.

In a month-on-month comparison, consumer prices fell by 0.6 percent in April.

Featured photo illustration by Zoltán Balogh/MTI