Hungary Inflation Edges up to 3.7% in April
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Consumer prices in Hungary were 3.7% higher on average in April 2024 than a year earlier, according to data by KSH. Compared to March, prices were up by 0.7% on average, with motor fuels becoming 3.5% more expensive.
Compared to April 2023, a price increase of 1% was recorded for food, within which the highest ones for the following: 30.4% for sugar, 9.6% for buffet products, 9.2% for both chocolate and cocoa and pork, 8.4% for meals at restaurants and 5.8% for non-alcoholic beverages.
Within the product group, egg prices decreased by 20.3%, the price of flour by 19.7%, that of pasta products by 12.5%, cheese prices by 9.6%, the price of milk by 9.3%, that of bread by 9% and poultry meat prices by 6.5%.
Services became 9.5% more expensive, within which rents were up by 14% and the repair and maintenance of dwellings cost 10.7%, the repair and maintenance of vehicles 10.1%, motorway use, renting a motor vehicle and parking 9.8%, other public entertainment tickets 8.2% and recreational services 5.4% more and travel to work or school 21.7% less for consumers. Alcoholic beverages and tobacco prices rose by 3.8%, within which the price of tobacco by 4.3%.
The price of pharmaceutical products went up by 7.3%, that of detergents by 3.8% and toilet articles prices by 2.1%. Electricity, gas and other fuelsbecame 4.5%, within which natural and manufactured gas 9.2% and electricity 2.9% cheaper.
Consumers paid 1.7% less for consumer durables, within which the price of second-hand passenger cars was cut by 9.8% and that of kitchen and other furniture increased by 4.5%, heating and cooking appliances prices by 3.5%, the price of new passenger cars by 2.7% and that of living and dining room furniture by 2.3%. Motor fuels became 6.6% more expensive.
Consumer Prices up 0.7% Compared to March
Consumer prices rose by 0.7% on average. Food became 0.3% more expensive on average, within which seasonal food items (potatoes, fresh vegetables, and fresh domestic and tropical fruits) cost 1.5%, chocolate and cocoa 1.3% and meals at restaurants 1.1% more and eggs 1.3%, other meat preparations 0.9%, milk 0.8% and pasta products and sugar both 0.7% less for consumers.
The highest price increase of 2.8% was measured for clothing and footwear. Services became 1.3%, within which recreational services in the country 2.2% and the repair and maintenance of dwellings 0.9% more expensive and rents were up by 0.8%. 2.4% less needed to be paid for electricity, gas, and other fuels, with 4.5% less for natural and manufactured gas.
Motor fuel prices increased by 3.5%.
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