Now it was not food prices, but the farewell of the fuel price cap that pushed inflation
“In December, exceptionally, it was not food prices but the introduction of the petrol price cap that pushed inflation in Hungary, which unfortunately set another historical record. But at least we don’t have to wait long for the turnaround, according to all signs, we are at the end of the tunnel” – reads the consensus of Világgazdaság analysts position.
Inflation may have accelerated further in December, after the effect of the cancellation of the fuel price cap appeared as a new element in the consumer price index in addition to the almost usual increase in food prices, which alone could have thrown the monthly pace of price increases by about 2 percentage points – the experts interviewed by our newspaper unanimously pointed out Prior to Friday morning’s data release by the Statistical Office (KSH).
According to the consensus of Világgazdaság analysts, consumer prices in December rose by 25.7 percent compared to the same period of the previous year, and by 3 percent on a monthly basis. All of this also means that you have to scroll further back in Hungarian economic history to find inflation of this magnitude: precisely in March 1996, that is, almost 27 years ago, the CSO measured price increases at this rate in our country.
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 >Viktor Orbán spoke about the extension of the margin freeze
A decision on extending the margin freeze to household and…
Read more >Related news
Dark patterns are spreading in e-commerce – and official action against them is also more frequent
Urging, pressuring, hiding costs or “trickling” them – dark patterns…
Read more >Corporate mergers at historic high – GVH works with faster procedures and artificial intelligence
A record number of corporate mergers took place in Hungary…
Read more >Frost hits Hungarian orchards – season starts with price hike and supply shortage
As May marks the last month of spring and the…
Read more >