Consumer prices 3.7% higher than in same month of previous year
Consumer prices were 3.7% higher on average in November 2024 than a year earlier and 0.5% higher than in the previous month. Motor fuel prices surpassed by 2.4% those in October 2024.
In 12 months, compared to November 2023:
A price increase of 4.9% was recorded for food, within which 39.3% for flour, 16.6% for milk, 12.8% for chocolate and cocoa, 11.7% for fruit and vegetable juices, 10.1% for edible oil, 9.8% for eggs, 9.7% for butter, 7.9% for meals at restaurants and 6.3% for non-alcoholic beverages. Within the product group, the price of pasta products decreased by 6.4%, that of sugar by 5.8% and margarine prices by 2.7%. Services became 7.0%, within which motorway use, renting a motor vehicle and parking 10.9% more expensive and rents 10.9% higher as well, the repair and maintenance of vehicles 10.5%, other public entertainment tickets 9.6%, the repair and maintenance of dwellings 8.8% and personal care services 8.7% more expensive, the maintenance costs of private houses were up by 8.4% and recreational services became 7.3% more expensive. Alcoholic beverage and tobacco prices rose by 4.0%, within which the price of alcoholic beverages by 4.1%. 3.2% less had to be paid for electricity, gas and other fuels, within which 6.3% less for natural and manufactured gas and 0.3% less for electricity. Consumer durable prices lessened by 0.2%, within which second-hand passenger cars cost 6.6% less and jewellery 13.8%, new passenger cars 5.6%, living and dining room furniture 2.0% and kitchen and other furniture 1.2% more for consumers. Pharmaceutical products became 3.9% and motor fuels 0.7% more expensive.
In one month, compared to October 2024:
Consumer prices were up by 0.5% on average. Food became 0.9% more expensive on average, within which eggs cost 11.9%, fruit and vegetable juices 3.8%, seasonal food items (potatoes, fresh vegetables and fresh domestic and tropical fruits in total) 3.0%, non-alcoholic beverages 2.8%, milk products 1.7%, pork 0.7% and flour 0.5% more and sugar 3.7%, edible oil 1.7% and milk 0.3% less for consumers. Motor fuel prices increased by 2.4%. 0.4% more had to be paid on average for electricity, gas and other fuels, within which 1.5% more for butane and propane gas and 0.9% more for natural and manufactured gas (Press release). Service charges went up by 0.2% on average, within which rents became 0.8% higher and recreational services cost 0.3% less for consumers.
Consumer price indices, November 2024
(%)
| Denomination | Previous month = 100.0 | Corresponding month of previous year = 100.0 |
|---|---|---|
| Consumer price index | 100.5 | 103.7 |
| Harmonised index of consumer prices | 100.5 | 103.9 |
| Core inflation (original, seasonally unadjusted)a) | 100.3 | 104.4 |
| 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 was revised back to January 1995. The seasonally adjusted index is available in Table 1.2.1.7 of Summary tables (Stadat).