Hungary’s annual inflation was 10.7 pc in May

Consumer prices in Hungary rose by an annual 10.7 percent in May, up from 9.5 percent in the previous month, the Central Statistical Office (KSH) said on Wednesday.

Food prices rose by 18.6 percent as the price of poultry climbed 34.3 percent, bread prices jumped 37.5 percent and dairy product prices increased 30.3 percent.

Prices in the category of goods that includes vehicle fuel rose by 10.5 percent with vehicle fuel prices up 10.8 percent.

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Prices of spirits and tobacco products increased by 6.4 percent. Clothing prices rose by 4.0 percent, consumer durables were 11.4 percent dearer and household energy prices edged up 1.6 percent. Service prices increased by 6.8 percent.

Harmonised CPI adjusted for better comparison with other European Union member states was 10.8 percent, while core inflation, which excludes volatile fuel and food prices, was 12.2 percent.

Month on month, inflation was 1.7 percent.

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Source: MTI