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
Slowdown and price increase at the same time – this is how the milk market will develop in the summer
The dairy sector is experiencing both international price increases and…
Read more >Inflation accelerated to 2 percent in the eurozone and 2.3 percent in the EU on an annual basi
Inflation in the euro area and the European Union accelerated…
Read more >K&H: Middle-aged people perceive inflation to be much more severe than the actual data shows
The inflation perception of middle-aged Hungarians continues to far exceed…
Read more >Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >