Hungary’s consumer prices up 3.4 pc in July

Consumer prices in Hungary grew by 3.4 percent year on year in July, the Central Statistical Office (KSH) said on Wednesday.

In a month-on-month comparison, prices were up 0.3 percent. The headline figure accelerated from 3.1 percent in June.

Food prices increased by 3.6 percent and the price of spirits and tobacco grew by 5.3 percent. Clothing prices inched up 0.7 percent, household energy prices were up 1.5 percent and service prices rose by 1.6 percent.

Prices in the category of goods that includes vehicle fuel climbed 7.5 percent, with fuel prices rising 17.8 percent. Consumer durable prices eased by 0.1 percent.

Annual CPI harmonised for better comparison with other European Union member states stood at 3.4 percent.

Seasonally adjusted core inflation, which excludes volatile fuel and food prices, was 2.4 percent.

Calculating with a basket of goods and services used by pensioners, inflation was 2.9 percent.