Hungary’s July High Inflation Rate Second Only to Romania in EU
Ábrahám Vass 2019.08.23.
Romania is the only country where the statistical office of the European Union (Eurostat) measured a higher annual inflation rate in July than in Hungary.
After Romania (4.1%) and Hungary (3.3%), the highest annual rates were registered in Latvia and Slovakia (both 3.0%) while the lowest annual rates were registered in Portugal (-0.7%), Cyprus (0.1%), and Italy (0.3%).
In the European Union, annual inflation was 1.4% in July 2019, down from 1.6% in June. A year earlier, this rate was 2.2%.
HVG notes that although Hungary’s July annual inflation rate shows a decrease in comparison to earlier months of the year, it is predominantly due to fuel prices going down, while food, alcohol and tobacco became a lot more expensive.