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
Greek Supermarkets Beat European Rivals On Price
Greek supermarkets offer a more affordable average household basket, compared…
Read more >GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >K&H Analyst Commentary: The forint is on the rise
The forint, the Polish zloty and the Czech koruna are…
Read more >Related news
WHO: They urge a 50 percent price increase for tobacco, alcohol and sugary drinks
The World Health Organization (WHO) is calling for the prices…
Read more >Eurozone economic growth accelerated in June
The eurozone’s economic performance accelerated in June, according to the…
Read more >This is how drug prices are changing: the government introduced price restrictions
The Ministry of National Economy’s price restrictions on medicines came…
Read more >