Hungarian pensions to be raised in proportion with 2023 inflation forecast

Hungarian pensions were hiked by 15 percent from January 1, raising average pensions by HUF 27,120 (EUR 67) per month, government spokeswoman Alexandra Szentkirályi said in a post on Facebook on Tuesday.

Including the 13th month pension, average pensions will grow by HUF 352,560 (EUR 874.2) this year, she wrote in the post.

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The raise was calculated to offset estimated inflation this year, and pensions will be supplemented should it be higher than anticipated, she added.

Price caps on basic foods will be maintained until the end of April, she said. The caps on utility prices also help pensioners, she added.

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Source: MTI, Facebook