Consumer prices increase by 3.0% on average compared to same month of previous year
Consumer prices were 3.0% higher on average in September 2024 than a year earlier. Over one month, they decreased by 0.1% on average, within which motor fuels became 3.7% cheaper.
In 12 months, compared to September 2023:
A price increase of 3.7% was recorded for food, within which 32.9% for flour, 13.8% for milk, 10.1% for chocolate and cocoa, 8.5% for fruit and vegetable juices, 7.6% for meals at restaurants, 6.9% for meals at schools and 6.7% for edible oil. Within the product group, the price of pasta products decreased by 5.8%, that of sugar by 3.6%, eggs prices by 3.5%, the price of poultry meat by 2.4% and that of milk products by 1.0%. Services became 8.4% more expensive, within which rents were up by 10.7%, motorway use, renting a motor vehicle and parking became 10.6% more expensive, the maintenance costs of private houses grew by 10.5% and personal care services became 10.0%, the repair and maintenance of vehicles 9.9%, the repair and maintenance of dwellings 8.6%, other public entertainment tickets 8.1% and recreational services 3.8% more expensive. Alcoholic beverage and tobacco prices rose by 3.9%, within which the price of alcoholic beverages by 4.4%. Electricity, gas and other fuels became 5.0%, within which natural and manufactured gas 9.4% and electricity 1.3% cheaper. Consumers paid 0.2% less for consumer durables, within which the price of second-hand passenger cars was cut by 6.1% and that of jewellery increased by 10.7%, new passenger car prices by 6.3%, the price of living and dining room furniture by 2.5% and that of kitchen and other furniture by 2.2%. Pharmaceutical products became 6.0% more expensive and motor fuels 9.5% cheaper.
In one month, compared to August 2024:
Consumer prices decreased by 0.1% on average. Food became 1.0% more expensive on average, within which milk cost 6.9%, butter 5.0%, milk products 3.2%, seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits in total) 2.9% and eggs 2.7% more and sugar 1.5%, poultry meat 1.1% and pork 0.6% less for consumers. Consumers paid 0.2% more for electricity, gas and other fuels, within which firewood became 2.6% and butane and propane gas 1.1% more expensive and natural and manufactured gas 0.1% cheaper (Press release). Motor fuel prices decreased by 3.7%. Service prices became 0.8% lower on average, within which the price of recreational services – due to seasonal effects – 14.0% lower.
Consumer price indices, September 2024
(%)
| Denomination | Previous month = 100.0 | Corresponding month of previous year = 100.0 |
|---|---|---|
| Consumer price index | 99.9 | 103.0 |
| Harmonised index of consumer prices | 99.7 | 103.0 |
| Core inflation (original, seasonally unadjusted)a) | 100.0 | 104.8 |
| Consumer price index for pensioners | 100.1 | 103.2 |
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 was revised back to January 1995. The seasonally adjusted index is available in Table 1.2.1.7 of Summary tables (Stadat).