The data from inflation published this Friday in the different countries that make up the European Union (EU) showed record growth and numbersas in the case of Sweden.
Hungary recorded last December year-on-year inflation of 24.5%, the highest in the EUwhich in the case of food was in the 44.8% and in that of energy sources in the 55.5%the Central Bureau of Statistics (KSH) reported today.
The average inflation rate throughout 2022 was 14.5%a figure not recorded since 1998assured the KSH, with the increase in food being the most pronounced with a 26% throughout the year.
In December, and compared to the same month in 2021, the price of piped gas increased even a 97.8%firewood a 58.6% and the electricity 27.8%.
The Hungarian inflation data exceeds that of the EU in Latvia (20.7%), Lithuania (20%) and Estonia (17.5%).
The government of the ultranationalist Viktor Orban It has introduced a ceiling price on several foods, among others, oil, eggs or milk.
Last November the Government decided to eliminate the fuel price cap, which is reflected in the strong rise in December.
The Executive plans to maintain the ceiling on food prices at least until May, despite the fact that analysts suggest that these lengthen and deepen inflation.
For his part, in Sweden year-on-year inflation stood in December at the 12.3%, the highest level since February 1991reported this Friday the Central Statistical Office (SCB) of this Nordic country.
The rise in inflation, measured as the consumer price index (CPI), was driven by the high electricity prices and rising interest rates.
Interest rates contributed to the rise in inflation with 23 percentage units, the SCB explained in a statement.
Electricity prices increased by 28.8% compared to the previous month, while those for food have increased by 18.6% throughout the year.
Inflation had stood in November at the 11.5%.
While France recorded an average inflation ofl 5.2% during 2022, 3.6 points percentages more than in the previous year, as announced this Friday by the National Institute of Statistics (Insee) when confirming that the year-on-year price rise figure for December was 5.9%.
Inflation was driven by the acceleration of the prices of the Energy (23.1% compared to 10.5% in 2021) and the feeding (6.8% after 0.6% in 2021).
To a “lesser extent” manufactured products (3% compared to 0.3% in 2021) and services (3% against 0.3 the previous year) contributed to this rise, according to Insee in a statement.
The agency in charge of official statistics also confirmed that year-on-year inflation stood at 5.9% last December, as it had already anticipated in its reports of provisional figures at the beginning of this month of January.
This was three tenths less than in November 2022, thanks above all to a slowdown in energy prices.
If the month of December is taken in isolation, prices in France fell a 0.1%after the rise of 0.3% in November.
(With information from EFE)
Annual inflation in the United States fell for the sixth consecutive month and stood at 6.5 percent
Japanese inflation in November reached 3.7%, the highest figure in 41 years
Argentina ended with the fourth highest inflation in the world in 2022 behind Venezuela, Zimbabwe and Lebanon