Tag "KSH"
The gap is getting wider: the purchasing value of pensions is deteriorating dramatically
The purchasing power of pensions compared to salaries will suffer another significant decline in 2025, according to new data from the Central Statistical Office (KSH). The average pension currently accounts...
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KSH: industrial production fell by 8.7 percent in February
In February 2025, the volume of industrial production fell by 8.7 percent, or 8.0 percent adjusted for working days, compared to a year earlier. Production fell in all manufacturing sectors,...
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NGM: margin reduction has a significant impact: inflation fell to 4.7 percent in March
The government could no longer tolerate unreasonably high price increases, so in order to protect families and pensioners, it introduced a margin reduction, thanks to which the prices of about...
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Mushroom exports have strengthened
According to data from the Hungarian Central Statistical Office, Hungary’s foreign trade balance for champignons has been positive in recent years. The foreign trade surplus for champignons increased to HUF...
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KSH: in February, retail turnover exceeded the same period of the previous year by 3.3 percent, decreasing by 0.6 percent compared to the previous month
In February, the volume of retail trade turnover decreased by 0.2 percent according to raw data, and exceeded the same period of the previous year by 3.3 percent, adjusted for...
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NGM: domestic economic processes are developing favorably, industrial performance is held back by weak external demand
Domestic economic processes are developing favorably, the performance of industry is being held back by weak external demand – this is how the Ministry of National Economy (NGM) commented on...
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Rising prices of services are driving inflation – not food
Although food prices continue to be the focus of public discourse and government measures, according to the latest statistics, it is not food prices but service prices that currently pose...
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Eggs are also becoming more expensive in the EU
According to data from the European Commission, the EU (EU27)’s egg and egg product imports increased by 35 percent to almost 122 thousand tons in 2024 compared to 2023, while...
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Prices of both light and heavy lambs have also increased
According to the short-term forecast of the Food and Agriculture Organization of the United Nations (FAO), global sheepmeat production was 17 million tonnes in 2024, unchanged from the previous year....
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Food industry sales prices rose by 6.1 percent
In February 2025, industrial producer prices exceeded those of the previous year by an average of 8.2 percent. Domestic sales prices exceeded the values of February of the previous year...
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KSH: the foreign trade surplus in goods was 1.1 billion euros in February
The foreign trade surplus in goods was 1.1 billion euros in February; the adjusted volume of exports was 0.9 percent, while imports were 0.1 percent lower than in January, the...
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Surge in egg and horseradish prices before Easter
According to AKI PÁIR data, the price of table eggs (M+L) from cage farming in Hungary was HUF 64.53/piece in the first eight weeks of 2025, 20.8% higher than the...
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Hungarian tourism continues to be on a strong path
In February 2025, tourism once again showed strong growth: domestic accommodation establishments registered more than 1 million guests and 2.3 million guest nights – an increase of 14 and 3.9...
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Based on employment data, Hungary is among the leaders in Europe
According to the data of the Central Statistical Office, in February 2025, nearly 4.7 million people worked in our country. The number of employed people remains outstanding, while the unemployment...
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Yettel and Wolt launch joint convenience service
Yettel is making its products and services available through a new channel. As the first domestic mobile operator, you can now order prepaid mobile phones, prepaid SIM cards and numerous...
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Average gross earnings can be misleading: there are significant earnings inequalities in Hungary
The Central Statistical Office (KSH) regularly publishes the gross average earnings, but this data often does not reflect the real income situation, as it masks inequalities. The earnings data broken...
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Artificial intelligence and statistical data assets: KSH and NAVÜ held a strategic meeting
The guest of the Central Statistical Office (KSH) was Dr. László Palkovics, the government commissioner responsible for artificial intelligence, who was received by Dr. Áron Kincses, the President of the...
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Poultry prices rose slightly
According to data from the Central Statistical Office, Hungary’s poultry meat exports increased by 3 percent to 225 thousand tons in 2024 compared to 2023. Within this, chicken meat exports...
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KSH: industrial production decreased by 3.9 percent in January
In January 2025, the volume of industrial production fell by 3.9 percent from a year earlier. The index adjusted for working days is the same as the unadjusted one. Production...
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The price of imported salads has increased
According to KSH data, Hungary’s head lettuce imports decreased by 4 percent (to 1,050 tons) in 2024 compared to the previous year. Spain remained the largest supplier, from which 375...
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KSH: in February consumer prices exceeded those of a year earlier by an average of 5.6 percent
In February 2025, consumer prices were 5.6 percent higher than a year earlier. Consumer prices rose by 0.8 percent on average in one month, with food prices rising by 1.2...
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Another unpleasant inflation surprise
Despite the expected slight slowdown, inflation continued to rise in February, according to data published this morning by the Hungarian Central Statistical Office (KSH). Consumer prices rose by 0.8 percent...
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Fertilizer prices fell, sales volume increased
Fertilizer distributors sold 1.39 million tons of fertilizer directly to farmers in 2024. The sales volume exceeded the previous year by 28.9 percent. Fertilizer prices were 24.6 percent lower on...
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Hungarian Central Statistical Office: retail turnover in January exceeded the same period of the previous year by 4.7 percent and the previous month by 2.2 percent
In January 2025, the volume of retail trade turnover, both in raw and calendar-adjusted data, exceeded the same period of the previous year by 4.7 percent. The volume of sales...
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The Hungarian National Trade Association takes action against food inflation
Without the cooperation of food manufacturing and supplying companies, the retail sector cannot significantly influence inflationary trends, which is why they are rejecting the price increase initiatives currently announced by...
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NGM: retail turnover took off in January
According to the data of the Central Statistical Office (KSH) adjusted for calendar effects, the volume of retail trade increased by 4.7 percent in January compared to the same period...
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NGM: weak German economy limits domestic industry’s performance
The competitiveness problems of the European Union and the economic crisis in Germany are limiting the export-driven Hungarian economy, including the performance of industry. The government aims to increase economic...
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KSH: industrial production decreased by 3.9 percent in January
In January 2025, the volume of industrial production fell by 3.9 percent compared to a year earlier. The index adjusted for working days is the same as the unadjusted one....
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Horseradish price increased more than one and a half times in a year
According to the Central Statistical Office (KSH), the volume of horseradish exports in Hungary increased by 13 percent to 9,500 tons and its value by 20 percent to 5.6 billion...
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Producer prices of slaughter cattle are also rising in the EU
According to AKI slaughter statistics, in January 2025, cattle slaughter in Hungary increased by 27.8 percent in live weight compared to January 2024. Cows, which account for more than two-thirds...
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