MNB: food prices reduced July inflation
In July, the decline in inflation intensified, inflation slowed by 2.5 percentage points compared to the previous month, annual core inflation decreased significantly by 3.3 percentage points, the Magyar Nemzeti Bank (MNB) pointed out in its statement on Tuesday, also indicating that this was largely due to the the development of food prices contributed.
In its commentary on the latest data on Tuesday, the central bank indicated that processed food (1.3 percentage points) and manufactured goods (0.6 percentage points) contributed the most to the slowdown in inflation. The decrease in core inflation was mainly supported by processed foods, but a wide range of products and services were characterized by a slowdown in price increases, they added.
Compared to June, the prices of unprocessed food decreased by 2.1 percent, and the prices of processed food decreased by 1.4 percent.
Related news
Frost hits Hungarian orchards – season starts with price hike and supply shortage
As May marks the last month of spring and the…
Read more >
Food inflation in Turkey slowed slightly in April
In Turkey, annual inflation slowed to 37.86 percent, the lowest…
Read more >
Eurozone inflation rose slightly in April
Eurozone inflation in April was higher than expected and unchanged…
Read more >Related news
Food truck season kicks off with a goulash cannon and a dachshund race
Hundreds of years old “food trucks” are arriving at Kincsem…
Read more >
Nestlé rolls out KitKat chocolate tablets in Romania
Nestlé has launched a new 99g KitKat chocolate tablet line…
Read more >
8 great ideas for a more conscious, accepting and livable future in the Solutions for Tomorrow challenge finals
The fifth season of the Solutions for Tomorrow challenge has…
Read more >
