This could be behind the sharp rise in food prices, and this is what 2023 will bring
In November, inflation was 22.5 percent year-on-year, which is the highest in the EU. This is more than surprise inflation, especially considering that at the beginning of 2022, analysts were expecting inflation of 5-6 percent. It is true that it was before the Russian invasion of Ukraine, but even then it was predicted that the 7.4 percent inflation in December 2021 could stay with us in the longer term.
While previously two-thirds to one-third of the price increase was explained by external and internal causes, according to their opinion a year ago, the domestic effects could be so much stronger in 2022 that the ratio was estimated at around 50-50 percent until the end of 2022. One of the main reasons for this was that the inflationary effect of the roughly HUF 3,000 billion budget expenditure planned to be spent in the first half of the (election) year could appear in the second half of the year, when the international effects would already start to recede, the G7 writes in a recent article.
További információ erről a forrásszövegrőlTovábbi fordítási információhoz forrásszöveg szükséges
Visszajelzés küldése
Oldalsó panelek
Related news
MBH Bank: Following January’s inflation data, we are raising our inflation forecast for this year to 4.6%
Following a 4.6% year-on-year price increase in December, consumer prices…
Read more >The high inflation in January is not a Hungarian peculiarity – this is when price increases may slow down
The effects of the price increases at the beginning of…
Read more >KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >Related news
On Valentine’s Day weekend evenings, McDonald’s renovated Nyugati tér restaurant will be for lovers
Lovers can expect a special program at the McDonald’s Nyugati…
Read more >We can now give gifts through the Wolt app
New feature on Wolton: now we can also give gifts…
Read more >K&H: What does the wallet of young people show? Every fourth Hungarian twenty-year-old is unable to save
Although 57 percent of young people have some savings, 25…
Read more >