Prices increase by 10.7% in May compared to same month of previous year
Consumer prices were 10.7% higher on average in May 2022 than a year earlier. The highest price rises over the last 12 months were measured for food and consumer durables. In one month, consumer prices increased by 1.7% on average.
In 12 months, compared to May 2021:
A price rise of 18.6% was recorded for food, within which 41.4% for margarine, 37.5% for bread, 35.4% for cheese, 34.3% for poultry meat, 33.3% for pasta products, 30.3% for milk products, 29.9% for eggs, 27.3% for rolls, 12.8% for seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits altogether), 10.0% for non-alcoholic beverages and 3.9% for chocolate and cocoa as well as sugar. Alcoholic beverage and tobacco prices rose by 6.4% on average, within which alcoholic beverage prices by 8.1%. Consumers paid 11.4% more for consumer durables, within which 18.4% more for kitchen and other furniture, 18.3% more for living and dining room furniture, 15.4% more for second-hand passenger cars and 10.6% more for new passenger cars. The price of household repair and maintenance goods became 28.3%, pet food prices 22.3% and motor fuel prices 10.8% higher. Service charges were up by 6.8%, within which the repair and maintenance of dwellings cost 20.1% and the repair and maintenance of vehicles 14.4% more for consumers.
In one month, compared to April 2022:
Consumer prices increased by 1.7% on average. Food became 3.5% more expensive, within which aggregate group higher prices were recorded for all product groups apart from the group of fresh vegetables: butter became 9.0%, salami, sausages and ham 8.2%, milk products 7.0%, pasta products 6.7%, cheese 6.3%, rolls 6.0%, bread 5.8%, other meat preparations 5.4% and poultry meat 5.2% more expensive. A price increase of 1.3% was measured for alcoholic beverages and tobacco, 1.1% for clothing and footwear and 0.9% for consumer durables, within which latter living and dining room furniture became 2.5%, kitchen and other furniture 1.3% and second-hand passenger cars 1.0% more expensive. The price of household repair and maintenance goods rose by 3.5%. Consumers paid 0.7% more for services, within which 11.9% more for a taxi, 2.9% more for recreation in the country and 1.3% more for the repair and maintenance of dwellings as well as for other public entertainment.
In January–May 2022 compared to same period of previous year:
Consumer prices were up by 9.0% for all households on average and by 8.7% among pensioner households.
Consumer price indices, May 2022
(%)
| Denomination | Previous month=100.0 | Corresponding month of previous year=100.0 |
|---|---|---|
| Consumer price index | 101.7 | 110.7 |
| Harmonised index of consumer prices | 101.7 | 110.8 |
| Core inflation (original, seasonally unadjusted)a) | 102.2 | 112.2 |
| Consumer price index for pensioners | 101.7 | 110.7 |
a) The Hungarian Central Statistical Office applies a new methodology for the computation of core inflation from April 2021, the indicator no more includes changes in the price of alcoholic beverages and tobacco. The time series were revised back to January 1995. Seasonally adjusted indices are available in Table 1.2.1.7 of Summary tables (STADAT).