In Hungary FMCG product prices were up 5 percent on average

In the second quarter of 2011 average prices in food retail rose by 5 percent if compared with the same period of 2010. The increase in the price of food, household chemical and cosmetics products was only bigger in Turkey and Finland, 8 and 7 seven percent on average. We learned from Nielsen’s director Judit Szalókyné Tóth that in the first quarter the Hungarian trend was in line with the other 20 examined countries, but data from the second quarter diverged from the mainstream. In Hungary revenue from food sales rose by 3 percent from the same period in 2010 but 2 percent less was sold in terms of volume.