Hungarian Post service prices to rise

Hungary will increase the price of postal services by an average 10 percent from March 16, the Ministry of Telecommunications said.

The price hike will affect all types of postal services, but not telecom fees, which are regulated separately and don’t fall under the authority of post office Magyar Posta.

The 10 percent increase works out at 8.3 percent on an annual basis because it is taking place in March and not January, and will increase inflation this year by 0.16 percentage point, the ministry said.

The weighting for postal services in the consumer price index basket is only 0.14 percent.

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