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inflation

Finance Minister Mihály Varga and Zoltán Kurali, CEO of the Government Debt Management Agency arrive for a press briefing in the Ministry of Finance on 1 December 2023.

Hungarian Government Maintains Budget Stability Amidst Global Challenges

Despite extraordinary expenditures, the government has consistently reduced the budget deficit and the national debt year after year, the Ministry of Finance emphasized in its interim report released on the situation of the central subsystem of public finances, excluding local…

Viktor Orbán: Policies Built on Ethnic Foundations Have a Future in the Carpathian Basin

According to the Hungarian government, ‘preserving the ethnic foundations is our joint responsibility’, and as long as that exists, the politics based on ethnic groups also has a future, the Hungarian prime minister said….

Hungarian Economy Expands in the Third Quarter

Hungary’s economy expanded by 0.9 per cent in the third quarter of this year compared with the previous quarter, adjusted data show, and contracted by 0.4 per cent year on year, based on unadjusted data, the Central Statistical Office (KSH)…

Viktor Orbán Reiterates the Government’s Stance on Migration and Hungary’s Economic Outlook

In his regular Friday morning interview with public Kossuth radio, Viktor Orbán addressed issues such as migration, the economy and Ukraine’s EU accession….

Single Digit Inflation on the Horizon, Chief of the PM’s Office Says

During a scheduled press conference, Gergely Gulyás said the government expects inflation to drop significantly by the end of November. Regarding the frozen EU funds, he noted that Hungary is obviously functioning without them as well….

Families Prefer to Keep Savings in Government Bonds, Ministry Says

As a result of a series of government initiatives, both households and institutional players have significantly increased their holdings of government bonds. In an unprecedented manner, households now hold a larger amount of government bonds than bank deposits….

KSH: Inflation Dropped Significantly in September

Inflation fell for the eighth month in a row after peaking at 25.7 per cent in January. Food prices rose by 15.2 per cent in September, after a 19.5 per cent increase in the previous month….

National Bank: Consumer Price Index Expected to Drop by 7–8 Per Cent

The director of the National Bank of Hungary (MNB) András Balatoni explained that the strict monetary policy, decreasing global commodity prices compared to last year, restrained consumption, and market-boosting measures by the government are increasingly exerting a disinflationary effect….

PM Orbán: Pensioners Are Better Off Now Than in the Gyurcsány Era

Viktor Orbán discussed the recently announced pension raise on public radio today. As for the broader topic of inflation, he expressed his conviction that his government will curb it by the end of the year, down to single digits, opining…

The Most Important Task of the Government is to Control Inflation

Mihály Varga pointed out during the introductory economic policy roundtable discussion that the government has taken measures to reduce inflation risks, which have yielded results. This is confirmed by the analyses of major credit rating agencies, which are ‘filled with…

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