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Inflation in Hungary to be even higher in 2023: it is slowing but not stopping
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Despite the government’s promise of single-digit inflation by the end of next year, the rise in prices will continue to make life more difficult for Hungarians in 2023, an economic researcher told RTL Híradó.
Prices are already high, EU’s highest inflation
At the end of 2023, we will be comparing prices with the current, already high ones. A further increase of a bit less than ten percent is expected next December, according to the Minister for Economic Development. This could still mean inflation of around 20 percent a year next year.
It became official on Friday, 16 December, after Eurostat released the latest data, that Hungary has the highest inflation rate in the European Union, 23.1 percent in November. It is more than double the EU average and much higher than in other countries in the region, RTL Híradó reports.
The inflation rate doesn’t incluse the fuel price rises
What is more, the record 23.1 percent inflation rate does not even include the significant rise in fuel prices. The Eurostat figures are for November, and the Hungarian government announced the lifting of the fuel price freeze on 6 December. Minister Márton Nagy expects this to push inflation roughly 2.2-2.3 percent between December and January.
When I go shopping I see people buying full carts with the most expensive food items, so people have money and everything seems fine.
The government is giving away money to certain groups of the population (15% increase in pensions for example) and it causes higher inflation….it’s a cycle.
But if the government says everything is fine, it is, right? It’s so funny to see the difference between what the government and the actual experts say.
I’m surprised this government is not trying to silence them. It also makes it seem like the government thinks its citizens are stupid and don’t see the reality