Márton Nagy is satisfied with the rate of decrease in inflation
As in the previous months, inflation remained at a low level in line with market expectations in August – Minister of National Economy Márton Nagy evaluated the latest data in his statement on Tuesday.
Based on the latest data from the Central Statistical Office, inflation in August 2024 reached 3.4 percent year-on-year. In addition to the moderate and favorable development of annual inflation, consumer prices did not change compared to the previous month, i.e. July 2024.
The announcement recalled: on an annual basis, the price of household energy became cheaper by 4.3 percent, of which piped gas became cheaper by 9.4 percent, electric energy by 1.7 percent, and the price of vehicle fuels decreased by 2.9 percent.
In a monthly comparison, it can be highlighted that compared to the previous month, food prices did not change on average, but at the same time, within food, eggs went up by 2.3 percent, dry pasta by 1.7 percent, sausages and sausages by 1.4 percent, while seasonal foods (potatoes , fresh vegetables, fresh domestic and southern fruit in total) cost 1.2 percent less. All of these can have a positive effect on the development of consumption.
In his statement, the minister noted: the disinflation of food prices is caused by a significant drop in agricultural producer prices, which predicts that prices in some food product lines may still decrease in the coming months, which may further strengthen the
Related news
The government has extended the margin freeze
Viktor Orbán announced in the Facebook group Harcosok Klubja that…
Read more >Egg market 2025: price increases and opposing trends in the world
In the third quarter of this year, a decline in…
Read more >Eurozone inflation remains at 2 percent in July
After June, annual inflation in the eurozone was 2 percent…
Read more >Related news
GVH: margin reduction reduced prices, OKSZ disputes the effect
According to the Hungarian Competition Authority (GVH), the margin cap…
Read more >OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >The government has extended the margin freeze
Viktor Orbán announced in the Facebook group Harcosok Klubja that…
Read more >