A pleasant surprise arrived at the end of last year
The inflation data for December was published this morning by the Central Statistical Office. Consumer prices fell by 0.3 percent on a monthly basis, and the annual index thus fell to 5.5 percent, which is substantially more favorable than the analyst consensus of 5.9 percent. On the other hand, core inflation rose again, this time by 0.2 percent on a monthly basis, and thus the annual core index stood at 7.6 percent in the last month of last year, writes János Nagy, Erste Bank’s macroeconomic analyst.
Your fresh facts are a pleasant surprise. Food products showed a decrease of 0.1 percent on a monthly basis, so their annual index was 4.8 percent. Vehicle fuel prices fell further – by 3.6 percent on a monthly basis – once again providing substantial support for continued disinflation. Less good news from the point of view of the durability of disinflation is that service inflation rose by 0.6 percent in December. This is considered a seasonally high value for the last month of the year. On an annual basis, services rose in price by 8.1 percent.
Related news
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025,…
Read more >GVH: the competition authority monitors the processes taking place in the food market
The Hungarian Competition Authority (GVH) is monitoring the developments in…
Read more >Related news
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and…
Read more >NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025,…
Read more >