• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Hungary leads EU in overall price increasesHungary leads EU in overall price increasesHungary leads EU in overall price increasesHungary leads EU in overall price increases
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Hetzmann Mercédesz Hetzmann Mercédesz · 25/12/2022
· Business

Hungary leads EU in overall price increases

economy food Hungary inflation money

According to a recent survey, Hungarians may shop more often next year, but buy less at those occasions. The researchers explain the expected trend by the extremely high food price rises.

Average inflation was 23.1 percent in Hungary in November, according to Eurostat’s Harmonised Index of Consumer Prices (HICP), on an annual basis. Food prices rose by 49.2 percent for the whole product group, Haszon.hu reports.

Hungary has jumped to first place in the EU in terms of annual overall price increases, ahead of the formerly leading Baltic countries, napi.hu writes.

  • Read also: How do Hungarians celebrate Christmas?

Recent research from the Mastercard Economics Institute shows that people are unlikely to keep up with soaring inflation next year. They may go shopping more often, but always spend less. They will pay more attention to the value for money of products, buy more cost-effective goods and put fewer items in their shopping baskets.

This is evidenced by the fact that their surveys show that, for example, people in Germany went to the grocery store on average 23 percent more often this year than in 2019, but spent 19 percent less when they shopped.

forint euro money
Read alsoForint broke record on Friday

Source: napi.hu, haszon.hu

economy food Hungary inflation money
Share
Hetzmann Mercédesz
Hetzmann Mercédesz

1 Comment

  1. Lorraine Joe Frank: says:
    26/12/2022 at 16:50

    This is FACT.
    It will Worsen.
    CITIZENS – are we in SOLIDARITY taking action(s) voicing displaying our AGITATION at the continual widespread increases in needs of daily life in Budapest, Hungary?
    Answer is No we just go about our daily lives likened to LEMMINGS.
    Solidarity & Orderly – a RIGHT of Democracy, which does ILLIMINATE Fear & Retaliation – as its an acceptance living in a Democracy, the right to exercise object to issues – that STEM originate from – a Government, as we have at present in Hungary, led by Victor Orban, that the path is high category Dubious, that could stretch expand to be Perilous.

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • What happened today in Hungary? – 31 January, 2023
  • A new university starts operation on 1 February in Hungary!
  • OECD: Hungary continues to fail to implement Anti-Bribery Convention
  • Hungarian President: Hungary strives for a quick ceasefire in Ukraine
  • PHOTOS: Budapest’s most beautiful historic cafés
  • Europe’s greatest battery plant in Debrecen criticized by locals, opposition – UPDATED
  • Here is the first deodorant refill station invented by Hungarians
  • Hungary would like the Turkish president to win the Nobel Peace Prize

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V