Low inflation stimulates consumption
Low inflation is stimulating consumption through the real value of wages and is expected to contribute to gross domestic product (GDP) growth as well – Balogh László, Deputy Minister of State of the Ministry of National Economy, told M1 news channel on Tuesday.
Balogh László commented the April inflation data published by the Central Statistical Office (KSH) adding that the 0.2 percent annual consumer price growth was no surprise, because subdued inflation trends are in Hungary for two years, the Deputy Minister of State of the Ministry of National Economy expect this for the next months as well. (MTI)
Related news
K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >Shrink inflation is getting worse
Dishwashing detergent, sweets, sour cream, cottage cheese, kefir and camembert…
Read more >NGM: innovation means the future of the food industry, State Secretary Gergely Fábián handed over new developments
In the framework of the Food Supplier Development Program (ÉLIP…
Read more >Related news
The latest issue of Trade magazin is out now!
The digital version is available with more content once again…
Read more >FAO: global food prices increased for the second month in April on a monthly basis
In April, global food prices rose for the second month…
Read more >Beauty care travels at breakneck speed
Beauty care is one of the fastest growing markets in…
Read more >