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Life becoming very expensive in Hungary, Hungarians pessimistic
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Hungarians are becoming more pessimistic regarding the inflation hitting the country hard in the last few months. Based on a survey of the GKI, Hungarian citizens’ inflation expectations were only worse in 2007 than in this September. That is not surprising. Recent news state that we should expect an approximately 60 percent rise in poultry prices, while, in the case, of salt, that rate could be 200 percent.
Hungarians are pessimistic
Based on a recent survey of the GKI, an economic research institute, Hungarians expect that the worst is yet to come regarding inflation. That is because the Hungarian forint is still struggling, so the import is becoming more expensive. Furthermore, the companies started to include the government’s so-called extra profit taxes in their consumer prices. Moreover, the Orbán administration doubled electricity prices and increased gas prices sevenfold, which is also a considerable burden on every sector of the economy, portfolio.hu wrote.
In August, the average inflation in Hungary was 15.6 percent but is expected to increase to 18-20 percent in the coming months. Nobody knows what the future holds in that respect, but it is bad news that companies started to give extra pay rises to their employees to tackle the skyrocketing prices. The result may be a wage-price spiral increasing inflation further. However, the approaching recession may reduce the companies’ margin for manoeuvre.
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Poultry may become a luxury in Hungary soon
According to RTL Klub, the increase in poultry prices may break a record in Hungary. Sellers complain that purchase in shops has been decreasing for months. A woman told RTL that she could not buy a lot of products. A middle-aged man added he has to stand and do some calculations in front of the counter for half an hour to decide what to buy.
Gloomy.
Hungary – we continue to get Bombarded with Bad and Depressive News.
Personally, searching to Find any Good News – becoming bigger challenge.
Inflation – Cost of Living has really impacted on Hungary like a MONSOON.
Weekly, in needs of the Family, prices just continue to Rise.
Hungary – we just have to continue – that NOTHING is going to get Cheaper.
The HURT & suffering in those from the lower socioeconomic position – in Hungarian society, millions of citizens, to be precise, they are DEVASTATED.
What will the end picture be ?
When a Goverment (multiple, not just today’s) run for profit with shady handouts, ridiculous laws, blatant intrinsic fraud and all packaged up as fake Christian Family Values – we’re doomed to fail!
Never in my years would I expect a Hungarian Goverment to fail it’s Citizens like our stuffed geese have… especially after all the historical rubbish we’ve had to deal with.
Does no power ever want to care empathetically for the people here?
The institutions are tired. The infrastructure is tired. The people are tired. When will enough really be enough?
Good luck to all my wonderful brothers and sisters out there, the people who really matter.