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inflation

Worker hands in protective gloves grinding with electric wheel on metal.

Government Remains Committed to Protecting Jobs

Based on the latest data, nearly 4.8 million people are employed in Hungary, and the unemployment rate stands at 3.8 per cent, well below the EU average. The data reflects that the Hungarian labour market remains tight, and employment is…

Food Prices Drop Significantly Thanks to Price Monitoring System

According to the ministry’s statement issued on 4 August, in July the average prices of products in 62 product categories decreased by an average of 7.7 per cent. This reduction was a result of price decreases in 53 product categories…
A one hundred forint banknote from 1946.

Happy Birthday, Forint!

The Hungarian currency, the forint celebrates its 77th birthday on 1 August. But in reality, the forint’s history can be traced back to as long ago as the 1320s….

Increased Mandatory Food Price Reductions Come into Effect Today

To further intensify price competition, the government decided to raise the level of mandatory discounts from ten per cent to at least 15 per cent starting today….

Inflation: Europe’s Feverish Economy

It is important to remember that, compared to the stable period of 2017–2018, some 80 per cent of the rise in inflation in Hungary could be attributed to external circumstances, and only 20 per cent to strictly domestic reasons. Taking…
Balázs Orbán at the conference on the government’s public administration fellowship programme held at the Lónyay-Hatvany Villa in October 2021.

Balázs Orbán Reacts to ‘Leadership Crisis’ in Brussels and the PM’s Speech in Tusványos

Brussels should emerge from this leadership crisis as soon as possible, and from this perspective, next year will be crucial, Balázs Orbán said in reference to the upcoming European parliamentary elections….

Survey Shows Hungarians Feel Their Jobs Are Safer Now than Last Year

The CEO of BNP Paribas Cardif, Márk István Kiss, noted in the press release presenting the results of the survey that the rising prices and the challenging economic situation have not significantly impacted labour market processes, and the mood of…
A boat and a sailing boat in the background at Lake Balaton.

Is Lake Balaton Indeed Losing Its Appeal?

With the arrival of the summer season, it has become highly disputed in the Hungarian press whether Lake Balaton tourism is decreasing or growing….

Viktor Orbán: The West Wants War

Orbán noted that according to Volodymyr Zelenskyy, Joe Biden could put an end to the war, adding that he actually agrees with the Ukrainian President. ‘If the United States said they want peace, it would happen by tomorrow morning,’ the…

Government to Abolish Price Caps Starting August, Introduces New Measures to Help Young Couples Start a Family

Minister Gulyás announced that the maximum amount of the childbirth incentive loan (Babaváró hitel) will increase to 11 million forints. This change will come into effect in 2024 and will apply to couples where the woman is under 30 years…

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