Hungarys August consumer price inflation speeds up to 6% y/y.

By bne IntelliNews September 12, 2012
Hungary's annual inflation accelerated to 6% y/y in August 2012 from 5.8% in the previous month, the statistics office KSH said. On a monthly basis, consumer priced edged up 0.1%, after declining 0.1% m/m in July. Excluding the effects from the tax changes, prices increased by 3.7% y/y in August, faster than Julys rise of 3.5% y/y. The annual price growth was driven by hikes in all groups comprising the index, with consumer durable goods the only exception (down 0.8% y/y). Prices of alcohol beverages and tobacco products increased by 14.1% y/y, extending an eleven-month growth trend. Their growth was considerably faster than the 2011 average of 0.5% y/y. The growth in food prices speeded up to 6.3% y/y in August. Costs in the group other goods grew 7.9% y/y, pushed up by higher motor fuel prices. Prices of electricity, gas and other fuels advanced 6.2% y/y on the back of an increase in prices of purchased heat (8.4% y/y) and butane and propane gas (9.4% y/y). Prices of services and of clothing and footwear grew less that the average, by 4.1% y/y and 3.5% y/y, respectively.
Consumer prices, % y/y
Jan-12 Mar-12 Apr-12 Jun-12 Jul-12 Aug-12 Jan-Aug 2012
TOTAL 5.5 5.5 5.7 5.6 5.8 6.0 5.7
Food 5.5 4.7 4.2 5.0 6.1 6.3 5.2
Alcoholic beverages, tobacco 6.7 10.8 12.6 13.8 14.1 14.1 11.6
Clothing and Footwear 2.8 3.6 2.0 2.3 2.6 3.5 3.0
Consumer durable goods -1.5 -1.4 -1.2 -1.0 -0.9 -0.8 -1.2
Electricity, gas and other fuels 6.4 6.8 7.0 6.7 6.3 6.2 6.8
Other goods incl. motor fuels and lubricants 8.5 8.6 9.1 7.6 7.1 7.9 8.2
Services 4.6 4.1 4.2 4.0 4.1 4.1 4.2
Source: KSH

Hungarys August consumer price inflation speeds up to 6% y/y.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss