Hungarian utility and healthcare prices rise due to inflation

Hungary takes the second worst place since 2000 in the EU’s inflation rates even though that, in the past few years, short-term inflation statistics have improved in the country. Utility and healthcare prices have increased significantly and are most affected by inflation, says Napi.hu.

Where is Hungary situated in European economic rates?

According to Eurostat rates, inflation has been the second highest since the turn of the century between EU member states. With regards to economic growth, the V4 countries (the Czech Republic, Slovakia and Poland) have been ahead of us since last year. In general, the report reveals large differences between Eastern and Western European states’ economic performance, as inflation rates are significantly higher in the East. While prices have doubled in Hungary since 2000 with an inflation rate of 98%, this is clearly far from the countries with the best economic indicators in the EU: Germany and Sweden (28.6% and 29.1%).

Which areas are most affected by this change in inflation?

Concerning Hungary, the highest increases could be observed in healthcare (+156.8% between 2000-2017) and utility prices („housing, water, electricity, gas and other fuels”) with more than 139% increase.