• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
<strong> Inflation in Hungary is dramatic! </strong><strong> Inflation in Hungary is dramatic! </strong><strong> Inflation in Hungary is dramatic! </strong><strong> Inflation in Hungary is dramatic! </strong>
  • 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
DNH 2021 DNH 2021 · 08/04/2022
· Business

Inflation in Hungary is dramatic!

Hungarian economy Hungary statistics trade

Economic research institute Kopint-Tárki has lowered its forecast for this year’s economic growth to 4 percent from 5 percent. In its latest forecast published on Thursday, Kopint-Tárki said domestic consumption would grow by 4.3 percent and gross capital accumulation by 4 percent.

Its inflation was forecast upped to 8.7 percent from its December projection of 5.5 percent, while it projected Hungary’s current-account deficit increasing to 5 percent of GDP.

KSH: Hungary trade deficit at EUR 91 m in Feb

Hungary’s trade balance showed a deficit of 91 million euros in February, the Central Statistical Office (KSH) said in a first reading of data on Thursday. Hungary, an export-driven economy where trade surpluses are the norm, has shown a deficit for the eighth month in a row. Exports rose by an annual 17.7 percent, to 11.403 billion euros and imports climbed 29.2 percent to 11.494 billion.

Trade with other European Union member states accounted for 76 percent of exports and 69 percent of imports.

  • Read also: Hungarian forint plummets again – here is why

Takarékbank chief analyst Gergely Suppán said higher industrial output paired with rising factory gate prices are boosting exports, calculated in euros, while strong domestic demand and dearer commodities and energy are lifting imports. The higher commodities and energy prices are hurting Hungary’s terms of trade, although the jump in grain prices is mitigating the effect “to a small degree”, he added.

Food shortages in Hungary? Here is all you have to know 3
Read alsoFood shortages in Hungary? Here are all you need to know

Source: MTI

Hungarian economy Hungary statistics trade
Share
DNH 2021
DNH 2021

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Your email address will not be published.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
  • Russian companies are flocking to Hungary amid the sanctions
  • Moroccan education minister Abdellatif Miraoui held talks in Hungary
  • Brutal murder in downtown Budapest: a Mongolian man beat his girlfriend to death
  • Hungarians living in Madrid and Spain also preserve their culture
  • Government official says debate over Debrecen battery factory is not about environmental protection
  • Tobacco products to get more expensive in Hungary due to tax changes
  • Defence Minister: We cannot wait, Hungary must be combat-ready
  • What happened today in Hungary? — 29 January, 2023

About us

Contact us

Copyright rules

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