Food price rises in Hungary: the long-awaited turnaround is on the horizon
For months, foodstuffs in Hungary have seen brutal price increases. One may ask, when will it finally stop? Will the price of food ever decrease? Well, the pace of price increases for some products has already slowed down in December. Obviously, that does not mean we will have to pay less. It could take months before prices stop rising altogether. Unfortunately, there is no hope of a price reduction.
New inflation data
Food prices increased by 44.8 percent in December compared to the same month of the previous year. This is a more moderate but still near-record level compared to previous expectations, Magyar Bankholding pointed out in connection with the latest inflation data.
The prices of lard, cheese, eggs and bread have almost doubled in a year. Compared to November, the main increases were a 5 percent rise in dairy products and higher prices for turkey meat and some processed products. These include quick-frozen goods, soft drinks or salami, napi.hu writes.
Smaller but further food price increases
What is the reason for the smaller but further increases in food prices? Csaba Héjja, senior analyst at Magyar Bankholding, cited the fact that energy prices are being passed on to consumer prices and that demand has not yet fallen drastically.
According to the expert, a positive sign is that the pace of price rises for some products is no longer rising significantly. These include meat products outside the price freeze, some bread and bakery products, and vegetables. There are already some foods for which the annual price index has fallen, such as oranges.
Bankholding expects food price inflation to fall in 4-6 months. However, products are unlikely to become cheaper in the shops.
Read alsoBudapest taxi drivers would raise their prices by another 19 percent
Source: napi.hu
Good
Greed, Selfishness and Exploitation.
Hungarians – in the MASSIVE price increases we STILL are living with, millions endeavouring to SURVIVE, in these “Brutal” times in Hungary, our Economy in a humongous MESS, under this “Lost” and deluded Orban led Government, besides Failure by the Orban Government to control FOOD prices & Inflation, they this Government have contributed to the horrendous cost of living increases – that have HARMED – SAVAGED – the pockets of Millions of Hungarians, by being part of – contributing to the – Greed, Selfishness and Exploitation processes that still are occurring WRONGFULLY – in Hungary.
WHO in Government, in OPPOSITION , Society, and the Religious Orders, especially the Holy Roman Catholic Church of Hungary, under Peter Erdo – Cardinal – that SILENCE continues to remain – no church & politics in Hungary – out of his Palace in Esztergom, remembering that 43% of the “declining” population of Hungary, are baptized into the Catholic Faith – who is GOING to be the SPOKESPERSON, in Hungary – that comes out and FACTUALLY announces as it is FACT – the Horrendous-MASSIVE widening of the – rich are getting richer in Hungary and the GROWING thousands that are literally getting POORER?
WHO is going to have the FORTITUDE – inner strength – compassion, empathy – for those “Less” fortunate, the millions of Hungarians who continue to be CRUSHED – financially, economically, erosion of there quality of life, by the direction of leadership that Orban & his Government have set the destruction of Hungary progressing into, that is dictatorial in its implementation – WHO is going to be – and the due date is well past – stand before the Citizens of Hungary – who is going to be the NEEDED – Knight in Shining Armour?
Then again – do we just go on as we are – back into pre 1989 – life style that we continue as a country appear VERY content to go along with.
Solidarity – to make change, the reversal of Governmental leadership trends – the PLACE this Orban led Government has placed us in Hungary – use of DEMOCRACY – by CITIZENS solidarity – if we want HOPE for the Future – if we DO – solidarity to reverse & change should be SERIOUSLY considered.
The high inflation are around the world, not only in Hungary.