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inflation

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…
Government spokesperson Alexandra Szentkirályi and Chief of the PM's Office Gergely Gulyás on their way to the government press briefing on 13 September 2023.

Gulyás: Government May Extend Ban on Ukrainian Grain if EC Fails to Act

At an extraordinary government press briefing on Wednesday, chief of the PM’s Office Gergely Gulyás said the government may impose a ban on Ukrainian grain imports after 15 September within its own competence if the EC fails to act….

Energy Shock and Diplomacy: Japan and Hungary in the Same Predicament?

As Japan’s example continues to illustrate, hope and one’s true objective must never be forgotten, let alone given up. For Hungary, as for Japan, national interests and the progress of the nation constitute both the foremost goal and the means…

Measures Increase Interest toward Government Bonds

The Ministry of Economic Development said in a statement that the increased demand for government bonds has both directly and indirectly improved the government’s self-financing capability, reduced government interest expenditures, and managed to preserve the real value of citizens’ savings….

Viktor Orbán on Protecting Jobs, Curbing Inflation and Raising Wages

The Prime Minister stated that both the European and Hungarian economies are influenced by the Russo-Ukrainian war. If the war were to end, both economies could show their ‘better side.’…

Government Measures Prove Effective Against Inflation

For the government, the successful fight against inflation is a key issue as it aims to restore the previous trend of continuous wage growth, disrupted by the protracted war and the misguided sanctions….

Government Measures Halved the Inflation of Food Prices

Government spokesperson Alexandra Szentkirályi noted on public radio that inflation decreased to 17.6 per cent in July, representing a 2.5 per cent decrease compared to the previous month, and a 0.9 per cent decrease in food prices. On an annual…

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