Hungarian Inflation Slows to 0.9% in October


In October, consumer prices increased 0.9 percent on an annual basis, the lowest rate in nearly 40 years. While prices of electricity, gas and other fuels and clothing and footwear went down, cost of alcoholic beverages and tobacco increased.

The highest annual increase was recorded for alcoholic beverages and tobacco (11.8 percent). Miscellaneous goods and services grew by 11.7 percent, while cost of health went up by 3.1 percent. 

Prices of food and non-alcoholic grew by 0.8 percent, down from 1.4 percent in the previous month. A price increase was observed for cheese (8.9 percent), milk (5.0 percent) and pork (4.4 percent). Price decrease was observed for flour (13.1 percent), egg (12.9 percent), sugar (10.3 percent) and chocolate, cocoa (5.3 percent).

In contrast, prices of water charges, sewerage disposal and refuse disposal decreased around 10 percent. Cost of housing, water, electricity, gas and other fuels decreased at a faster pace:-7.1 percent, from -6.4 percent in September. Transportation cost decreased 1.6 percent and consumers paid 1.5 percent less for clothing and footwear and 1.9 percent less for consumer durable goods.

From September to October consumer prices decreased by 0.3 percent.

Hungarian Central Statistical Office | Krisztina Györffy | krisztina@tradingeconomics.com
11/12/2013 10:52:06 AM