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Agricultural product prices up 20% y.o.y.

Crops

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The average purchase price of agricultural products was 20.5% higher in June than a year earlier, up 3.1 percentage points from 17.4% a month earlier, according to profitline.hu. 

The base effect may have played a role in the recovery, as the appreciation rate slowed by 2.5 percentage points to 4.5% from May to June last year. Potatoes and eggs showed the largest price increases. 

The annual increase in the average purchase price of crop and horticultural products accelerated from 23.5% in May to 3.8 percentage points to 27.3%. 

Cereal prices were 37.4% higher than in June last year, the annual rise in wheat prices moderated to 24% from 31.1% in May, and the rise in maize prices rose further to 51.3% from 48.8% in May.

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