Inflation is at a 34-year high in the OECD
In the countries belonging to the Organization for Economic Co-operation and Development (OECD), consumer prices rose by an average of 8.8 percent in March after an increase of 7.8 percent in February. This is the highest growth rate since October 1988. Last March, annual inflation was 2.4 percent.
In March of this year, double-digit inflation will be recorded in every fifth country, with the most significant price increase in Turkey, at 61.1 percent.
According to the OECD website, annual inflation in Hungary was 8.5 percent in March, after 8.3 percent in February. (MTI)
Related news
Eurozone inflation accelerated to 2 percent in October
On an annual level, the increase in consumer prices in…
Read more >Bank360: The government will introduce automatic inflation-tracking tax increases
The government is introducing automatic tax increases for several taxes.…
Read more >October tea prices: why did Hungarians’ favorite hot drink become so expensive?
Inflation and the rise in the price of raw materials…
Read more >
More related news >
Related news
Márton Nagy: Domestic consumption is strengthening
Domestic consumption is strengthening, internal demand and the performance of…
Read more >Eurozone inflation accelerated to 2 percent in October
On an annual level, the increase in consumer prices in…
Read more >KSH: in August, the product foreign trade surplus was 443 million euros
In August, the volume of exports decreased by 5.6 percent…
Read more >