KSH miscalculated inflation in Hungary?
The Central Statistical Office (KSH) calculates inflation in a transparent way, in line with European directives for statistics, the KSH said on Friday.
KSH department head TÃmea Cseh and consumer prices expert Imre Gajzágó told a joint press conference that in recent times the office had been on the end of “several unfounded attacks” in connection with the methodology of the consumer price index. They added that these involved “false claims” and were undeserved.
The current methodology for the calculation of the consumer price index has been in force since August 2022, the time of the amendment of the government decree on gas and electricity retail prices, KSH said. The office introduced the new methodology in order to ensure that statistics “provide a precise and realistic image even in a changing legal environment”.
The KSH said that the European Union statistics office Eurostat maintained continual coordination with the statistical offices of member states, and the methodology used by KSH was in line with the directives used in Europe, as also described in the Eurostat HICP Methodological Manual.
The quality of KSH statistics is ensured by the use of prosessionally well-founded international standards that are “not adjusted to any political or economic expectations”, the statement said. This, it added, was also confirmed by a recent Peer Review Report by independent Eurostat experts highlighting that the statistics issued by KSH were objective, reliable and met high standards.
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