Consumer prices increase by 3.7% on average compared to same month of previous year
Consumer prices were 3.7% higher on average in April 2024 than a year earlier. Compared to March, prices were up by 0.7% on average, motor fuels becoming 3.5% more expensive.
In 12 months, compared to April 2023:
A price increase of 1.0% was recorded for food, within which the highest ones for the following: 30.4% for sugar, 9.6% for buffet products, 9.2% for both chocolate and cocoa and pork, 8.4% for meals at restaurants and 5.8% for non-alcoholic beverages. Within the product group, egg prices decreased by 20.3%, the price of flour by 19.7%, that of pasta products by 12.5%, cheese prices by 9.6%, the price of milk by 9.3%, that of bread by 9.0% and poultry meat prices by 6.5%. Services became 9.5% more expensive, within which rents were up by 14.0% and the repair and maintenance of dwellings cost 10.7%, the repair and maintenance of vehicles 10.1%, motorway use, renting a motor vehicle and parking 9.8%, other public entertainment tickets 8.2% and recreational services 5.4% more and travel to work or school 21.7% less for consumers. Alcoholic beverages and tobacco prices rose by 3.8%, within which the price of tobacco by 4.3%. The price of pharmaceutical products went up by 7.3%, that of detergents by 3.8% and toilet articles prices by 2.1%. Electricity, gas and other fuels became 4.5%, within which natural and manufactured gas 9.2% and electricity 2.9% cheaper. Consumers paid 1.7% less for consumer durables, within which the price of second-hand passenger cars was cut by 9.8% and that of kitchen and other furniture increased by 4.5%, heating and cooking appliances prices by 3.5%, the price of new passenger cars by 2.7% and that of living and dining room furniture by 2.3%. Motor fuels became 6.6% more expensive.
In one month, compared to March 2024:
Consumer prices rose by 0.7% on average. Food became 0.3% more expensive on average, within which seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits) cost 1.5%, chocolate and cocoa 1.3% and meals at restaurants 1.1% more and eggs 1.3%, other meat preparations 0.9%, milk 0.8% and pasta products and sugar both 0.7% less for consumers. The highest price increase of 2.8% was measured for clothing and footwear. Services became 1.3%, within which recreational services in the country 2.2% and the repair and maintenance of dwellings 0.9% more expensive and rents were up by 0.8%. 2.4% less needed to be paid for electricity, gas and other fuels, within which 4.5% less for natural and manufactured gas (Press release). Motor fuel prices increased by 3.5%.
Consumer price indices, April 2024
(%)
| Denomination | Previous month = 100.0 | Corresponding month of previous year = 100.0 |
|---|---|---|
| Consumer price index | 100.7 | 103.7 |
| Harmonised index of consumer prices | 100.7 | 103.6 |
| Core inflation (original, seasonally unadjusted)a) | 100.8 | 104.1 |
| Consumer price index for pensioners | 100.6 | 103.7 |
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. The seasonally adjusted index is available in Table 1.2.1.7 of Summary tables (Stadat).