Pension increase in Hungary below inflation, says media outlet

Pensions will rise by 3.2 percent from January, level with the expected rate of inflation for this year, Róbert Zsigó, a state secretary, said in a video message posted on Facebook on Saturday.

Zsigó said the average monthly pension of 234,000 forints (EUR 564) would rise by around 7,500 forints as the government ensures the purchasing power of pensions.

He said pensioners would get their annual bonus, equivalent to a full month’s pension, in February. Brussels expects the government to scrap that annual pensioners’ bonus, but it will not comply, he added.

Pension increase in Hungary
Most pensioners will not be happy. Photo: MTI

According to 24.hu, the real value of the Hungarian pensions will decrease this year because the annual inflation for 2024 will be around 3.7%, while the food price inflation reached 4.9% last year. Hungarian pensioners may expect a correction only this November.

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2 Comments

  1. So the real value of pensions are actually going down.

    And about that 13th month pension – EU did not order to scrap it, quite the contrary:
    “..it is simply not true that the EU institutions had requested that the Hungarian government abolish the thirteenth month pension. In fact, the Pension Adequacy Report, which the European Commission has prepared jointly with the Member States, has described the 13th month pension as a measure that improves pension adequacy.”

    It’s just another lie that Fidesz members and supporters are spreading. I hope more and more pensioners will start to find out the truth about Fidesz and stop voting for it.

    https://telex.hu/english/2024/11/19/european-commission-says-they-did-not-ask-hungarian-government-to-abolish-13th-month-pension

  2. That is a complete Fidesz lie that the EU in any way asked Hungary to scrap the 13th month pension payment. The EU office concerned with pensions actually cited this “bonus” as a positive step. This is one example how Fidesz twists the minds of Hungarians with disinformation.

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