The change in prices of vegetables and oil has spurned inflation

The 2.7 percent inflation in the first nine months of the year can be explained by the price change of seasonal vegetables and the international rise in oil prices – Várhegyi Judit, Head of Department of the Hungarian National Bank (MNB) told M1 news channel.

According to the Central Statistical Office (KSH), in October, consumer prices were on average 3.8 percent higher than in the previous year and 0.5 percent higher than in September. The price of food grew by 4.6 percent, with seasonal foods averaging 20.5 percent. Vehicle fuel prices increased by 16.2 percent, tobacco prices rose by 7.3 percent. (MTI)