Hungarian inflation to fall to single digits in November at latest
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nflation in Hungary will be pushed into the single digits by the end of November, the head of the Prime Minister’s Office said on Thursday.
The Central Statistical Office will have compiled October’s inflation data by Friday afternoon, which is expected to be around 10 percent, Gergely Gulyás told a government press conference.
Inflation will fall further in December and is expected to be just over 7 percent by year-end, he said.
Inflation, he said, had been “the greatest opponent” in the recent period, adding that the government would be able to meet its previous commitment to depress inflation to single digits in the promised timeframe.
Bill on digital citizenship to be submitted next week
The government plans to submit a bill to parliament on digital citizenship next week, the head of the Prime Minister’s Office said on Thursday.
The scheme is designed to allow citizens to conduct their businesses, show IDs and provide e-signatures using their mobile phones, Gergely Gulyás told a government press conference. Later on, the scheme will cover the payment of public utility bills, he added.
Our inflation rate is still staggering, in a European context. And be very wary as to the inflation figure that is ultimately presented:
https://tradingeconomics.com/hungary/inflation-cpi
Concur – Norbert.
To talk of single figure Inflation in Hungary is a FANTASY.
Inflation – in the “real world” we live in Hungary, in vastness of our 9.6 million population, not from a world, that is PAINTED falsely driven by propaganda, that comes out the present Orban Government, the subject of this article, what is said, just CRAP.
The major areas, in the componentry of the Hungarian Economy, are ALL still in a downward TREND.
Orban – is searching ways to find Stability in the Hungarian Economy – to grow the Economy but that will not occur through the FACTUAL happenings of forces economically & financially in-side Hungary, decisions made by him and his Government, that have been FEEDERS into our massive problems.
The continuation of un-certainties from just an economic perspective, that exists in Europe and the Global World, will continue to heavily impact, on the already CRACKED could be argued crumbling economy of Hungary.
Nothing is going to get CHEAPER in Hungary and what again comes out the mouth of this Senior Minister “ticked” off approved by Victor Orban and no doubt Mihaly Varga – Minister of Finance is not Truth nor Fact.