MNB: rising fuel and food prices pushed up inflation in January
The rise in inflation is mainly explained by the rise in fuel and food prices – the National Bank of Hungary (MNB) said in its comment on January inflation data.
In the first month of the year, annual inflation was 4.7 percent, 0.7 percentage points higher than in December, while core inflation was 4.0 percent after the 3.9 percent of December. Core inflation, adjusted for indirect taxes, stood at 3.7 percent, 0.2 percentage points higher than in December.
Related news
K&H: large programs drive green loans
According to data from the Hungarian National Bank, the total…
Read more >
New economic “action plan”: Is it realistic to further increase household loans?
An unfortunate consequence of the domestic housing crisis is that…
Read more >
The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >
