K&H: the increase in prices is also clearly visible in children’s shopping baskets
In recent months, the younger age group experienced for themselves what inflation means: in October this year, 12 cocoa snails could be bought with a pocket money of 3,000 HUF, and 19 a year earlier.
And when it comes to hamburgers, the money is enough for just over 2 sandwiches this year, compared to 3 a year ago. The products included in the children’s inflation basket compiled by K&H – in addition to cocoa snails, fruit yogurt, hamburgers, orange juice, backpacks and eyeglass frames – cost a total of almost HUF 36,000 this year, which corresponds to a 21 percent annual price increase.
Inflation continued to accelerate in Hungary, with an annual rate of 21.1 percent in October, compared to 20.2 percent in September, which was already a decade-long record. The price increase is largely due to the 40 percent increase in the price of food. High inflation affects almost everyone, including children. From among the products in the official inflation basket, K&H has selected several products that are related to children. And K&H put together the children’s “shopping basket” based on the official data. It contained fruit yogurt, the cocoa snail, the hamburger, orange juice, the backpack and the glasses frame, as well as a portion of school lunch.
Related news
Hungary has plenty of work to do in the regional “long-distance running”
Based on the ten- and twenty-year trends – one of…
Read more >György Raskó: the purchase of basic foodstuffs is also a serious challenge for many Hungarian households
The serious problem of impoverishment is still noticeable among the…
Read more >According to international financial institutions, Hungary is returning to the path of economic growth
According to the forecasts of the international financial institutions, the…
Read more >Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Vegan activist on Forbes’ prestigious “30 successful Hungarians under 30” list
Raul Vida, the founder of Prove magazine, is the first…
Read more >UEFA and Just Eat Takeaway extend partnership
Just Eat Takeaway has extended its partnership with the UEFA…
Read more >