Trademagazin > News and articles > Market News > The population’s sense of inflation is decreasing, but still very high
The population’s sense of inflation is decreasing, but still very high
According to the official inflation data, consumer prices rose by 12.2% in September compared to the same period of the previous year.
Compared to this, according to a representative survey conducted by GKI among a thousand households, the population perceived a price increase of 32.8%. It is true that the latter data is not based on facts (e.g. price prescription, questionnaire, etc.), but on perception (in which one’s own experiences can be strongly distorted by information received through various formal and informal channels). Although perceived and official inflation move together in the trend, the measurements of the last few years show that the gap between perceived and official data widens simultaneously with the rise of the official consumer price index. In 2020, when the Maastricht convergence criterion for inflation was fulfilled, the monthly average was 12.3 percentage points higher than the official inflation as perceived by the population. In 2021, this difference rose to an average of 14.4, 17.1 in 2022, and 19.5 percentage points in the first nine months of 2023.
Related news
The unexpectedly low inflation in June surprised analysts
The Hungarian inflation data published this week caused a pleasant…
Read more >VIMOSZ: optimism in the tourism sector
Persisting optimism characterizes the Hungarian tourism sector, the players of…
Read more >Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >
More related news >
Related news
Private brands make record gains in first half of year
Private label products reached new heights in the first half…
Read more >Müller updates packaging to increase accessibility for blind shoppers
Müller is updating the packaging of all branded products with…
Read more >Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >