Consumer price inflation has accelerated in OECD countries
In the member states of the Organization for Economic Co-operation and Development (OECD), consumer price inflation accelerated to 3.8 percent year-on-year in May from 3.3 percent in April. The figure was still 2.4 percent in March.
In May, energy prices rose at the fastest pace since September 2008, after rising 16.3 percent in April from a year before.
In May, however, the rise in food prices slowed to 1.4 percent from 1.6 percent year-on-year in April. (MTI)
Related news
The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >
KSH: in October, consumer prices increased by 3.2 percent on average compared to the same month of the previous year
In October 2024, consumer prices were on average 3.2 percent…
Read more >
Márton Nagy: inflation remains at a low level
In accordance with preliminary government indications, inflation remained at a…
Read more >
More related news >
Related news
Holiday Shopping Study 2024: European Consumers Plan Ahead Amid Economic Pressures
The “Holiday Shopping Study 2024,” conducted by ShopFully and Offerista…
Read more >
Oversupply in the office market, returning demand in retail properties and hotels expected in 2025
The Hungarian commercial real estate market is currently characterized by…
Read more >
Sándor Czomba: the minimum wage will increase by nine percent next year
The minimum wage will increase by nine percent next year,…
Read more >
