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inflation

Taking the Fight to Inflation: Online Price Monitoring System Comes Into Effect Soon

The price monitoring system will come into effect on 1 July, and is expected to contribute to pushing inflation back to single digits….

Government Spokesperson: The Threat from Nuclear Superpowers is Worrying

Alexandra Szentkirályi reiterated that Hungary still does not and will not ship weapons to Ukraine nor will it allow other countries to ship weapons through its territory….

Price Cap to Remain Until 30 June, Inflation on a Downward Trajectory

The minister announced that the government has imposed a ban on 25 agricultural products from Ukraine, including grain, sunflower seeds, cooking oil, and specific meat products until 30 June. He also noted that while according to the European Commission, Ukrainian…

Viktor Orbán: If There Is a World War, It Will Be Nuclear

The PM opined that if the escalation leads to a world war, it is definitely going to be nuclear. He said that the situation in Ukraine is getting worse by the week, and the danger of escalation keeps increasing….

New Consumer Protection Measures Introduced to Fight Inflation

To make the process of reducing inflation as strong and significant as possible, all possible tools must be used, they added. For this reason, in collaboration with the government, the Hungarian Competition Authority is establishing an online price monitoring system…

Viktor Orbán: The Threat of a World War Is Increasingly Real

Viktor Orbán stated that the war is becoming increasingly violent and brutal. He remarked that it would be natural for more and more people to stand for peace as a result, but he does not see this intention among the…

Inflation Expected to Drop to Single Digits by End of the Year

According to the National Bank’s forecast, slow disinflation is expected in March, followed by a strong disinflationary trend, with a good chance of reaching single-digit inflation by the end of the year….

Financial Flows, Supply Chain Politics, and Europe’s Stagflation

There is a slowdown in global growth. The economies of a once highly globalized world are drifting apart. The EMU economy is being hit particularly hard. The recession is coming and, according to projections, the EMU will soon enter stagflation,…

Inflation Has Reached Young Adults in a Relatively Good Financial Position, But Most Are Saving

In a recent survey by the Youth Research Institute, more than half (52 per cent) of young Hungarian adults polled said that despite the current inflationary environment, they are able to live well on their income, with a further three…

Viktor Orbán: ‘The Leaders of the Western World Are In the War Spirit’

In his regular Friday morning interview on public radio, the Prime Minister said that he believes this is the closest the world has ever been ‘to a localised war turning into a world war’….

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