Arabic
Chinese (Simplified)
Chinese (Traditional)
Croatian
Dutch
French
German
Hindi
Italian
Japanese
Portuguese
Romanian
Russian
Spanish
en 
Hungarian government indirectly admits that inflation will be higher than expected
Hungarian pensioners will get an average top-up of HUF 39,600 in November to compensate for higher than expected inflation, the National Economy Ministry said on Friday.
The ministry noted that pensions had been raised by 3.2pc in January, corresponding to the government’s assumption for average annual inflation. That assumption has been raised to 4.5pc, and the 1.3pc difference will be paid to pensioners, retroactively, in November, it added.
By law, pensions must be adjusted to the rate of inflation to preserve pensioners’ purchasing power. The November top-up for Hungary’s 2.5 million pensioners will add up to HUF 91bn.
Read also:
- More details surface about the malfeasance scandal of the Hungarian National Bank foundation
no worries, the salary increase to 1000 euros net per month are just around the corner! the golden age is here to stay!
Ask for a comment from Mihaly Varga, former Minister of Finance, that has been “favoured” to be the present Governor of the Hungarian Central Bank – muchly the CREATOR of the Financial cataclysmic MESS that is the Hungarian Economy – ask this “supposed” expert of Financial affairs, the running of a countrys financers for an OPINION ?
Varga, in a TRUTH game, certainly could NOT look at him-self in the mirror //