Is inflation in Hungary caused by the war?
The Hungarian government explains high inflation by the Russian-Ukrainian war. But much of the monetary deterioration occurred before the war. For a long time, the government did nothing to curb the inflation. In fact, experts say it made matters worse until the elections.
Wartime inflation
Viktor OrbĂ¡n gave an interview on Hungarian state radio on 10 June. This was the first time the Hungarian Prime Minister used the term “war inflation”. OrbĂ¡n used it to explain the rise in prices in shops.
“This is a war inflation. So it’s a different kind of problem than when inflation hits an economy in peacetime. It is related to war,” OrbĂ¡n said. “Partly the fact of the war itself drives up energy prices, partly the way we, the West, react to the war with sanctions, it triggers further price increases,” the Hungarian prime minister continued, who returned to the phrase eight times during the interview, rtl.hu reports.
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A recurring theme at Fidesz
In the 1 month since the interview, OrbĂ¡n’s social media posts have often contained the phrase “war inflation”, mfor.hu writes. Subsequently, Fidesz politicians have also started to use it.
Gergely GulyĂ¡s, Minister of the Prime Minister’s Office, used the phrase at the government briefing on 17 June. The next day, SzilĂ¡rd NĂ©meth blamed the left for the inflation war. While PĂ©ter SzijjĂ¡rtĂ³, Minister of Foreign Affairs and Trade, referred to Hungarian-Bavarian cooperation.
Record high inflation
According to the Hungarian Central Statistical Office, inflation in Hungary is at its highest level in 15-20 years. According to analyst JĂ³zsef HornyĂ¡k, “a significant part of the rise in inflation occurred before the war.” According to HornyĂ¡k, the rise in prices started after the Covid pandemic. After the lifting of restrictions, many people wanted to spend money, and this led to a rise in prices. According to HornyĂ¡k, “the government did not take steps to curb inflation.”
Analyst NĂ¡ndor LĂ¡szlĂ³ Nagy believes that there is no war inflation. The war has certainly worsened the situation, but the process started earlier.
HornyĂ¡k thinks that the pre-election handout has only made matters worse. The petrol price freeze will moderate inflation, but it is a burden on businesses.
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Source: rtl.hu, mfor.hu
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2 Comments
The PROPAGANDA – machine of this present Government, present, the Russian War on the Ukraine, as a MAJOR reason, why Inflation, in Hungary, is FACTUALLY running at 18%.
It will Increase.
The structure – the Economic & Financial componentry of the Hungarian economy, pre February 2020 – then the Noval Coronavirus, which still is present in Hungary, those outside the Political Ideas and Philosophy – of the Fidesz Party and the present Government of Hungary, under the Leader and Prime Minister – Victor Orban – it was being MESSAGED, the direction & course the Orban led Government of Hungary was being directed, was FRAUGHT with massive economic & financial – RISK.
The repetitiveness of articles published by DNH and in “other” journals and newspapers, pre February 2020 through to this present Economic “shambles” – that just is not through – the devaluation of the Forint nor “sky-rocketing” Inflation – nor the Russian War on the Ukraine – it comes back to the WRONG path & direction, decision making – undertaken throughout the period of years this Government, has dictated to the civilians of Hungary – our Economic & Finacial future.
This present Government – roads it took, decisions it made – chices it made – friendships with “other” countrys – it destroyed, its “preferred” stand alone attitude, dismissing the laws of Membership as a member of European Community of Countrys – and there are “other” factual examples – that ALL contribute to what is the DECLINING picture of the Hungarian – Economic & Financial landscape.
Blame Games – Propaganda – is NOT and should not be accepted by the citizens of Hungary.
Democratic Governments- are appointed to SERVE the People – the BEST interest(s) – of the PEOPLE.
Democracy – is Dialogue.
Hungary – is NOT – Governed under these (2) important “Core” ingredients of DEMOCRACY.
There are “other” blatant examples of the manipulation, abuse, mis-use of Democracy – that continues in Hungary – that is “styled” muchly around – that Citizens are Dictated to – told to accept – what DECISIONS come out, approved and introduced by this present – Orban led Government of Hungary.
The “Zenith” – of the Economic & Financial downward trending Economy of Hungary – is far from any form of
Stabilization.
Hind-sight – the understanding of a situation or event – only after it has happened or developed.
What is it then – the present Government under – Prime Minister – Victor Orban and HOW – do you and your Government – Factually, with CANDOUR – explain to 9.6 million Hungarians – the DISORDER – of the Hungarian Economy ???
Citizens – MUST receive – Deserve to Receive – in line with this latin quote :
“Veritas Omnia Vincit”.
Its English translation :
Truth Conquers ALL.
If we are NOT told TRUTH – this deepening, worsening Economic & Financial landscape – we are living in – continual in the lessening of our quality of life – could be RUINOUS.
Are you – Mr Prime Minister – Victor Orban saying, that the day to day “needs” of citizens of Hungary, if exampled Bread, Milk & Butter – the Inflation – on these just (3) three items of daily “needs” – increased in price – in excess of 45% – since the outbreak of the War staged on the Ukraine by Russia – you saying the Wars to BLAME ???
If you are – you are WRONG and using this war, outside FACTUAL reasons, why across the board in Hungary, we are living with Inflation running at and rising of near 20%.
Veiled in fact – if this Government are using/blaming the Russsian War on the Ukraine – as the MAJOR reason for the EXPLOSIVE on-going problem we have are living with in Hungary.
Heavily inter-faced in ALL of this increase to civilian life in Hungary – is the “permitted” – Greed & Exploitation, that continues Rampant – in the Hungarian life-style.
NOTHING – is going to get cheaper in Hungary.
Governments are APPOINTED to SERVE the PEOPLE – in the BEST Interest of there PEOPLE.
That does NOT mean Governments can “Veil” situation, to use propaganda – to Hide Fact.
Hungary – totally disagree what the “money” supposed intellects of the Hungarian Finance Department and “others” – making – on Public Record – that come Autumn – inflation in Hungary – will have reached its ZENITH.
Watch this space – as its up-side – is distanced from, the destructive course and effects, it is INFLICTING, on the quality of life, of millions of Hungarians.