• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
Food prices rising fastest in Hungary?Food prices rising fastest in Hungary?Food prices rising fastest in Hungary?Food prices rising fastest in Hungary?
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
Hetzmann Mercédesz Hetzmann Mercédesz · 27/06/2022
· Society

Food prices rising fastest in Hungary?

economy Europe food Hungarian economy Hungary money survey

There is good reason to believe that bread will soon become a luxury item in the country: we have seen the biggest increase in the price of bread in the past year. Hungary shows the highest price increases for several food products.

A survey about the prices of foodstuffs

The prices of seven basic foodstuffs were compared in Privátbankár.hu’s Árkosár (Price Basket) survey based on Eurostat data. It was found that the price of bread, for example, had already risen by more than 12 percent in Hungary last November.

And in May, we reached the point where, in a year, we have to pay 38.4 percent more for the same bread in Hungary than last year. Looking at prices in neighbouring countries, the highest price changes were recorded in Bulgaria and Hungary, where prices rose by almost 40 percent.

As Blikk.hu writes, such a price rise cannot be explained solely by the Russian-Ukrainian war. However, it is not surprising if we consider the fact that it was already known in January that the mills had raised the price of flour by 10-15 percent, which meant that the price of bread was bound to rise.

  • Read also: Wizz Air explained why they left passengers in France, UK without help

Egg, cheese, butter

Egg prices have also increased significantly. Eurostat, based on data from the Central Statistical Office (KSH), has forecast an increase of almost 30 percent for May, with the only countries in the region with higher prices than Hungary being the Czech Republic and Bulgaria.

For cheese and cottage cheese, only the Bulgarians are ahead of us, with a price change of 35.4 percent, one of the highest price rises in Europe for months, with only Lithuania showing a slight increase. The price of butter is something to be somewhat proud of: the 31.1 percent increase is at least not the highest in the region.

  • Read also: Air China to re-launch Beijing-Budapest flight!

Meat

For pork, the increase in May was above 13 percent, but this is also a figure for the surrounding countries, with Hungary having the lowest increase in pork prices, in which the government price freeze on pork legs may have played a role.

Poultry in domestic stores was 34.2 percent more expensive. This figure is also the second highest after Bulgaria, even though the price of chicken tail, chicken breast and some chicken giblets in Hungary is also currently fixed under the price freeze from 1 February 2022.

In its article, mfor.hu underscores that according to Eurostat data, even the smallest price increase in the region is above 10 percent. However, in many neighbouring countries, prices are significantly lower, so the assumption that the price explosion is due to the war in the neighbouring country is not true. For example, in Romania, also a neighbour of Ukraine, most of the products surveyed have risen by the smallest – or almost the smallest – amount.

beach
Read alsoHeat alert in effect from today

Source: Blikk.hu, mfor.hu, privatbankar.hu

economy Europe food Hungarian economy Hungary money survey
Share
Hetzmann Mercédesz
Hetzmann Mercédesz

Related posts

Lake Balaton
10/08/2022

Criminal proceedings launched in the case of the little girl who drowned in Lake Balaton


Read more
drough
09/08/2022

Hungary records driest 7 months since 1901


Read more
viktor orbán singing
09/08/2022

Have you ever seen PM Orbán singing? Here are three videos for you


Read more

1 Comment

  1. Greed & Exploitation : says:
    29/06/2022 at 14:48

    There is FACT inter-faced in this article BUT it is through GREED & Explotation – “driven” by Human beings, that are the MAIN cause – outlined in this article.
    Governments are appointed to SERVE the People, in the BEST interests of People.
    The Hungarian Government needs to display exhibit greater SPLEEN – backbone – and exercise the Powers Invested in them, by the citizens of Hungary – to Govern and serve them – the citizens of Hungary, stamping down, on the blatancy being witnessed and exploted by – Greed & Explotation.
    NOTHING is getting CHEAPER in Hungary.
    Inflation is RAMPANT.
    Government appointed to SERVE the Citizens and therefor let it be SEEN – in this Greed & Explotation process that is in FACT occurring in Hungary.

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.


Latest news
  • Hungarian govt provides alternative for those hit hard by small business tax changes
  • Hungarian government issues decree on firewood export ban
  • Lenders warn of risk associated with farm sector repayment moratorium
  • Criminal proceedings launched in the case of the little girl who drowned in Lake Balaton
  • DK condemns ‘double price increase’ for gas
  • What happened today in Hungary? – August 9, 2022
  • Socialists call on govt to ensure sufficient funding for ambulance, fire services
  • Hungary records driest 7 months since 1901

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!