Inflation may fall towards the end of the year, in the meantime households may be preparing for a difficult period

According to the analysis of Intrum and GKI, inflation data are expected to improve towards the end of the year, and the forint exchange rate and consumer prices may be determined by the state measures taken to balance the budget in the coming years. This year, almost three-quarters of companies have been forced to raise prices, which has reduced the solvency of Hungarian households despite rising wages.

The quarterly retail solvency report (Intrum Solvency Index, IFI) of GKI Gazdaságkutató Zrt. And Intrum, Hungary’s leading debt management company, analyzed inflation and its effects in detail, given that this is the factor most influencing the solvency of families today. In the first quarter of 2022, the solvency of Hungarian households continued to grow slightly according to the Intrum and GKI indicators, the value of the solvency index increased by 2 per cent on a quarterly basis and by 16 per cent on an annual basis, ie the financial balance of households improved during the period.