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
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
Tetra Pak has announced that Alex Henriksen will be the managing director of the Eastern European region
Tetra Pak, one of the world’s leading food processing and…
Read more >Coca-Cola Hungary has developed new educational modules on waste circulation
After the online curriculum on the basics of the circular…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >