KSH: in February, consumer prices increased by 3.7 percent on average compared to the same month of the previous year
In February 2024, consumer prices were on average 3.7 percent higher than a year earlier. Compared to January, prices rose by an average of 0.7 percent, vehicle fuels rose by 6.7 percent, the Central Statistical Office (KSH) reported on Friday.
Compared to February 2023, the price of food increased by 2.2 percent, including mainly sugar (32.8 percent), chocolate and cocoa (14.4 percent), non-alcoholic soft drinks (12.7 percent), buffet goods ( 12.2 percent), as well as pork (9.4 percent). Within the product group, the price of flour decreased by 19.6 percent, eggs by 19.1 percent, cheese by 15.6 percent, butter and butter cream by 15.3 percent, dry pasta by 13.4 percent, and milk by 11.2 percent.
According to the report, household energy became 9.0 percent cheaper, including 19.3 percent less for piped gas, 3.3 percent less for electricity, and 1.9 percent less for firewood.
The price of services increased by 10.0 percent, including rent 14.4, vehicle repair and maintenance 10.8, tolls, car rental, parking 10.8, sports and museum tickets 9.5, holiday services 9 .7 percent more expensive, travel to work and school became 21.7 percent cheaper. The price of alcoholic beverages and tobacco products rose by 5.3 percent, including spirits by 5.9 percent.
According to the KSH data, the price of pet food increased by 11.9 percent, that of detergents and cleaning products by 11.0 percent, that of medicine and medicinal products by 7.3 percent, and that of personal care products by 4.7 percent.
Related news
Shopping remains expensive: Hungarian food prices are close to the EU average
In Hungary, food prices reached 94.8% of the EU average…
Read more >Inflation rose again in June – rising fruit prices are pushing up prices
Annual inflation rose to 4.6 percent in June, compared to…
Read more >KSH: consumer prices exceeded the same month of the previous year by an average of 4.6 percent, and May prices by 0.1 percent
In June 2025, consumer prices were 4.6 percent higher on…
Read more >Related news
The wallet sets the limits to consumer awareness
Consumers want to buy healthy, sustainable, and affordable ingredients and…
Read more >Expensive snacks – you have to dig deeper into your wallet for meat
Despite the fact that pork remains popular among Hungarian consumers,…
Read more >Global Minimum Tax: American corporate groups may be permanently exempt from regulation
There have been exciting developments in the recent period regarding…
Read more >