Recent analysis: inflation jumped to 15.6%, food prices increased more than expected
Inflation rose close to expectations to 15.6% in August due to the very wide price increase. The rising price pressure is reflected by the fact that core inflation jumped very sharply to 19%, which far exceeded expectations. The surprise was caused by the higher-than-expected increase in the prices of food and other consumer goods and services.

Core inflation far exceeded expectations
Inflation that is much higher than expected, the substantial weakening of the forint, the public health product tax and the increase in the excise tax on tobacco products and alcoholic beverages, continued repricing due to the sharp departure of raw materials and energy costs in many product lines, primarily food, and the partial lifting of the freeze on household energy prices, We are raising this year’s and next year’s average inflation expectations to 13.4% and 11.9%. Inflation could be increased by another 4-5 percentage points if the price restrictions on certain foods and fuels are completely abolished, which could result in an average inflation of 14.3% this year and 14% next year. However, the abolition of price restrictions could also lead to a faster decrease in inflation (admittedly, from a much higher level), if the price of the affected products falls.
The Russian-Ukrainian war, as well as the sanctions against Russia, and partly as a result of the decreasing Russian gas deliveries, significantly override the inflationary – and economic – prospects, the effects of which cannot be fully estimated anymore. Since the outbreak of the war, gas, electricity, and oil prices have skyrocketed, which had already caused serious difficulties for the actors of economic life, and inflation will be further increased in the coming months by the increase in household energy prices above average consumption.
Related news
KSH: industrial production decreased by 4.9 percent in June compared to the same period of the previous year and by 1.2 percent compared to May
In June 2025, the volume of industrial production fell by…
Read more >MBH quick analysis: Industry performance remains subdued
Industry continues to deliver weak figures: in June, industrial production…
Read more >Fidelity survey: Investors defy general uncertainty
With the restructuring of global systems, investors must navigate an…
Read more >Related news
62,700 purchases – all previous records broken at ALDI’s Sziget store
ALDI has set up a pop-up store at the Sziget…
Read more >The world of Minecraft comes to life in SPAR stores
The characters from one of the world’s most well-known and…
Read more >Ministry of Agriculture: Hungarian farmers can always count on the national government
Hungarian farmers are one of the government’s most important allies,…
Read more >