Hungary’s singularly high inflation is the result of government policies rather than EU sanctions against Russia, the deputy leader of the opposition Democratic Coalition (DK) said on Friday.
László Varju told a press briefing held online that Prime Minister Viktor Orbán “again gave free rein” to sanctions at the EU summit in Brussels by backing the document the European Council has prepared on a new sanctions package.
He said this was the 11th time Orbán had done so, proving that “it isn’t EU sanctions against Russia that are causing Hungarian inflation; if this were the case, then he wouldn’t have voted for the ten sanctions packages so far, or indeed for the current document.”
The DK politician said food inflation was plunging in Europe, yet it was 44 percent in Hungary.
Hungary jobless rate 4 percent in February
Hungary’s jobless rate was 4 percent in February, up from 3.9 percent in the previous month, the Central Statistical Office (KSH) said on Friday. The rate covers unemployment among people between the ages of 15 and 74.
The number of jobseekers came to 195,800, 4,000 more than a month earlier and 17,400 more than in February 2022. The employment rate for the 15-74 age group reached 64.1 percent in February, down from 64.3 percent in January. In absolute terms, there were 4,691,100 employed in February, 7,700 fewer than in January but 26,000 more than twelve months earlier.
The number of economically active people in the age group stood at 4,886,900, an activity rate of 66.8 percent. Commenting on the data, the economic development ministry said the European Union’s average jobless rate was about 1.5 times higher than that of Hungary. Simultaneous growth in the number of jobholders and jobseekers means that hitherto unregistered workforce is becoming more active in the country, the statement said.
The government is working to protect full employment, avoid recession and push inflation into single digits by year-end through programmes like the Széchenyi Card Programme, the factory saving scheme and the Baross Gábor loan programme for companies, the statement said.
Read alsoWhat happened? PM Orbán agrees to new sanctions against Russia in Brussels
If you’d have to point at any abject failure by our Politicians, you cannot miss the price cap strategy disaster. Unfortunately.
Don’t listen to the economists, just practice populism and let reality catch up with you.
DK would do a better job? I find that hard to believe. Most likely they will give in to everything Brussels wants.
Italy is a great example, and so are all EU countries. It’s not about democracy but money, WEF and one world order.
Poland is another great proof of how easily the past/history is forgotten.
Ah yes, I’ll take advice from people who advocate a bigger government, who want open borders, who don’t know what a man or woman is… I think not. Of course the dumb sanctions are the problem; that’s as clear as day. It’s also clear that the writing was on the wall for more than a decade but Europe kept relying on Russia for many of its needs, principally energy. And clearly learned absolutely nothing. It is even clearer that China is fast on the road to becoming a sworn enemy of the West and that it’ll all culminate in a bad conflict sooner or later. Yet, we continue to slavishly rely on China for provision of everything from our vehicle components, to our laminate flooring, to our clothes, down to our toothbrushes. We look for no alternative supply sources and we continue to devastate our own industries. Anyone want to hazard a guess how THAT will end?
has all the country? This Government has everything under total control – always! There is NO inflation here, no high food prices, we’re just under “attack” from the EU, illegal migrants and old Geroge Soros, that’s all. 🙂 😀 No, no no! The opposition has it all wrong! Can’t they see the new billboards our Viktor