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)
Related news
The unexpectedly low inflation in June surprised analysts
The Hungarian inflation data published this week caused a pleasant…
Read more >Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >Food prices rose by 1.1 percent in Romania
Annual inflation in Romania fell to 4.9 percent in June,…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >