The Margin Cap Keeps Inflation Very Low, but What It Doesn't Affect Becomes More Expensive.

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According to the latest report by the Central Statistical Office (KSH), inflation in Hungary increased only slightly in March, with consumer prices rising by an average of 1.8 percent in March, after 1.4 percent in February. However, two factors could (would) have influenced domestic prices at the same time: the outbreak of the war with Iran through energy - mainly fuel prices - and the fact that the effect of the margin cap is being partially r…

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The overall price increase in March was 1.8 percent.

Pénzcentrum

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Even though the annual inflation rate is only 1.8 percent, customers in stores are greeted by completely different numbers: in one year, lemons and gold jewelry have seen a price increase of around 30 percent. And the fluctuations are not only visible on an annual level: in a single month, tomatoes have become more expensive by 7 percent and diesel by more than 6 percent. So the average values may still mask how drastic the price increases are f…

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Consumer prices were 1.8 percent higher than a year earlier in March. Compared to February, the price of goods and services rose by 0.4 percent on average, according to a recent report by the Central Statistical Office. The increase could have been expected even without the oil crisis caused by the Iran war, but the sharp rise in fuel prices is adding to it. Compared to this, the current increase in inflation is not even exceptional, but a more …