Headline Inflation 3.9% in August, Food Prices Increase by 7.9%

MTI-Hungary Today 2020.09.09.

Hungary’s annual consumer price index rose to 3.9 percent in August from 3.8 percent in July, boosted by higher food and tobacco prices, the Central Statistical Office (KSH) said on Wednesday.

Food prices increased by 7.9 percent and the price of spirits and tobacco were up 6.8 percent.

Harmonised for better comparison with other European Union member states, CPI stood at 4 percent.

Core inflation, which excludes volatile fuel and food prices, was 4.7 percent.

Hungary Industrial Output Drops by 8.1% in July

Output of Hungary’s industrial sector fell by an annual 8.1 percent in July, declining by a lower rate, 28.8 percentage points, than the April low because of a pandemic lockdown, the first reading of data released by the Central Statistical Office (KSH) on Friday show. Adjusted for workday effects, industrial output dropped by 7.7 percent […]Continue reading

The inflation rate calculated using a basket of goods and services used by pensioners reached 4.3 percent.

Featured photo illustration by Zoltán Máthé/MTI