Prices increase by 20.1% compared to same month of previous year
Consumer prices were 20.1% higher on average in June 2023 than a year earlier. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 0.3% on average.
In 12 months, compared to June 2022:
A price rise of 29.3% was recorded for food, within which the highest ones for the following: 53.0% for other confectionery products, 48.6% for bread, 41.4% for milk products, 40.1% for eggs, 35.6% for butter, 33.3% for rolls, 30.4% for pasta products, 26.7% for milk and 23.3% for cheese. The lowest price increases within the product group were observed for flour (5.8%) and edible oil (3.1%). Electricity, gas and other fuels became 34.3%, within which natural and manufactured gas 43.0%, butane and propane gas 44.6% and electricity 26.6% more expensive. Alcoholic beverage and tobacco prices were up by 18.7% on average, within which alcoholic beverage prices by 24.4%. Consumers paid 6.1% more for consumer durables, within which 14.6% more for kitchen and other furniture, 14.5% more for new passenger cars, 13.9% more for heating and cooking appliances and 9.5% more for living and dining room furniture. Pet food prices became 47.6%, the price of detergents 36.9%, that of toilet articles 24.1% and household repair and maintenance goods prices 11.5% higher. Motor fuels became 20.2% more expensive. Service charges rose by 14.4%, within which motorway use, renting a car and parking cost 27.0%, other public entertainment tickets 26.1%, the repair and maintenance of vehicles 22.1%, recreational services 21.0%, the repair and maintenance of dwellings 18.5% and a taxi 18.2% more for consumers.
In one month, compared to May 2023:
Consumer prices were up by 0.3% on average. Food prices decreased by 0.4% on average. Within this, seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits altogether) cost 3.2%, butter 2.8%, milk 2.7%, cheese 2.3% and pasta products 1.6% less for consumers. Chocolate and cocoa became 1.9% and pork 0.8% more expensive. Electricity, gas and other fuel prices were reduced by 2.1%, within which 4.1% less was paid for natural and manufactured gas (Press release). Motor fuel prices rose by 2.2%. The price of detergents became 2.4%, that of toilet articles 0.6% and pet food prices 1.1% higher. Services became 0.9% more expensive, within which 6.6% more was paid for recreational services, and the maintenance costs of private houses went up by 1.5% and rents by 0.8%.
Consumer price indices, June 2023
(%)
| Denomination | Previous month = 100.0 | Corresponding month of previous year = 100.0 |
|---|---|---|
| Consumer price index | 100.3 | 120.1 |
| Harmonised index of consumer prices | 100.4 | 119.9 |
| Core inflation (original, seasonally unadjusted)a) | 100.3 | 120.8 |
| Consumer price index for pensioners | 100.1 | 121.2 |
a) The Hungarian Central Statistical Office applies a new methodology for the computation of core inflation from April 2021, the indicator no more including 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).