Tag "KSH"
KSH: in May, prices increased by 21.5 percent compared to the same month of the previous year
In May, consumer prices on average exceeded the previous year’s levels by 21.5 percent. Household energy and food prices saw the highest increases over the past year, according to the...
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Retail sales went downhill
According to the Central Statistical Office (KSH), like-for-like retail volume sales were down 12.6% in March 2023; adjusted for calendar effects, the sales decrease was 13.1%. Grocery stores saw their...
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The 2022 ranking of FMCG retailers is out now – Unbeatable top 3
2022 was yet another year when discounters continued their superb performance. This is why it isn’t surprising at all that Lidl held on to the No.1 spot with a comfortable...
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Industrial producer prices have risen, and export prices have already fallen
In April 2023, industrial producer prices rose by an average of 15.9 percent compared to a year earlier. Domestic sales prices increased by 41.9 percent, export sales by 3.3 percent,...
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GFM: the volume of investments also increased significantly in the field of agriculture
According to the data of the Central Statistical Office (KSH), in the first quarter of 2023, the amount of investments decreased by 2.8 percent on an annual basis. The result...
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KSH: investments decreased by 2.8 percent in the first quarter
The volume of investments in the first quarter of 2023 decreased by 2.8 percent compared to the same period of the previous year, and compared to the previous quarter –...
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KSH: the increase in agricultural purchase prices slowed down in March
In March, the increase in agricultural producer prices slowed by 21.9 percentage points: purchase prices were on average 5.1 percent higher than a year earlier, compared to the 27.0 percent...
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KSH: industrial production fell by 4.1 percent in March
In March, the volume of industrial production was 4.1 percent lower than a year earlier. Adjusted for the working day effect, production decreased by 4.0 percent – the Central Statistics...
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A census is started on the state of agriculture
The Central Statistical Office (KSH) will start an agricultural census on May 15 in order to assess the situation of Hungarian agriculture by July 15 and get an idea of...
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April data are out: based on this, how realistic is it that the MNB’s inflation plan will be met?
Based on the KSH’s quick information, the rate of the annual price increase in April was exactly 24 percent, so the inflation data valid for the first 4 months is...
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Gasoline prices are skyrocketing, yet two-thirds of Hungarians traveled abroad by car this year
The Central Statistical Office 2022 IV. data for the fourth quarter of the year already showed that Hungarians started traveling abroad again: the number of trips beyond our country’s borders...
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The food bank card for needy families emerged as an alternative
MSZP would give 300,000 needy families food bank cards for HUF 20,000 per month. Lajos Korózs, the vice president of the opposition party, said at a press conference broadcast on...
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Food price inflation didn’t slow down in February yet
Data by the Central Statistical Office (KSH) reveals that consumer prices were 25.4% higher in February 2023 than a year earlier. Compared with January 2023, prices augmented by 0.8%. In...
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KSH: the growth rate of agricultural purchase prices slowed to 27 percent by February
In February, agricultural purchase prices were 27.0 percent higher than a year earlier, the rate of price increase was 4.6 percentage points slower than in January and slowed down by...
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In the past two years, the price of most basic food items has at least doubled in Hungary
The inflation rate in Hungary remained higher than expected in March, according to data from the Central Statistical Office (KSH). Despite the decline in the prices of some basic foods,...
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KSH: the number of guest nights decreased by 0.4 percent
In February 2023, 552,000 guests spent 1.4 million guest nights in commercial accommodations (hotels, boarding houses, campsites, holiday homes, community accommodations). The number of guests fell by 1.0 percent and...
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KSH: the production of food, beverages and tobacco products was 13.6 percent lower than a year earlier
In February of this year, the volume of industrial production was 4.6 percent lower than a year earlier; the index cleaned of the working day effect is the same as...
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KSH: in March, prices increased by 25.2 percent compared to the same month of the previous year
In March, consumer prices were on average 25.2 percent higher than a year earlier. In the past year, household energy and food prices have risen the most, the Central Statistical...
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The price caps must be maintained even after April 30
On Wednesday, the vice president of the MSZP advocated maintaining the price caps after April 30. At a press conference broadcast on his Facebook page, Lajos Korózs said in response...
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KSH: turnover of retail stores decreased by 10.1 percent in February
In February 2023, according to raw and calendar-adjusted data, the volume of retail trade decreased by 10.1 percent compared to the same period of the previous year, the Central Statistical...
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More than just “mash for babies”
Growing selection of organic products NielsenIQ data reveal that in the last few years the baby food category had strengthened because of the pandemic, then in 2022 the market returned...
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WHC Group: companies are in dire straits, there is a deadly fight for labor in many areas
Despite the recent slowdown in the economy’s performance, the trend typical of recent years continues on the Hungarian labor market: many areas, especially the industrial production sector, are suffering from...
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KSH: The volume of exports of food, beverages and tobacco was 7.4 percent lower in January
In January of this year, the export volume was 9.0 percent, and the import volume was 11 percent higher than in the same period of the previous year. The liabilities...
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Nearly 5% contraction in FMCG sales in January
The Central Statistical Office (KSH) has reported: like-for-like retail volume sales were down 3.9% in January 2023; adjusted for calendar effects, the sales drop was 4.5%. Grocery stores saw their...
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KSH: the gross average earnings are the lowest in the hospitality sector
In January 2023, the gross average salary of those employed full-time was HUF 528,000, and the net average salary calculated with allowances in mind was HUF 363,900. The gross average...
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KSH: The production of food, beverages and tobacco products decreased by 12.2 percent
Production increased in some of the manufacturing subsectors, with the largest increase in the production of electrical equipment. Based on seasonally and working day-adjusted data, industrial output was 5.1 percent...
Read moreAre the big breweries abusing their dominance over the small breweries?
The Association of Csíki Sör and Small Breweries responded to the authority’s draft report in a harsh open letter to the Economic Competition Authority, at the same time objecting that,...
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The price of beer doubled
In the case of lager-type beers, the prices of lager-type beers in Hungary rose the most in the entire European Union. The rate of beer price increase was twice as...
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KSH: in February, prices increased by 25.4 percent compared to the same month of the previous year
In February of this year, consumer prices were on average 25.4 percent higher than a year earlier. In the past year, household energy and food prices have risen the most,...
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Experts: We are slowly but surely alienating ourselves from food
According to KSH data, the time spent on cooking hardly changed from the regime change to the 2010s. While in 1987 Hungarian men spent 9 minutes and women 76 minutes...
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