K&H: Children’s expenses are also rising

By: Trademagazin Date: 2022. 09. 26. 07:41

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Due to the lingering inflation, schoolchildren’s everyday life is becoming more and more expensive, for example, a significant increase in the price of canteens can be observed. Children’s expenses are also increasing, so parents should expect to spend more pocket money this school year if they can afford it.

The daily expenses of the youngest also increase

Inflation continues to rise in Hungary, the price index accelerated from 13.7 percent in July to 15.6 percent in August. The main role in the price increase is played by the ever-higher food prices, for which, according to official data, the annual price increase exceeded almost 31 percent in August, compared to, for example, the 27 percent increase in July and the 3.7 percent increase in August last year.

This places a serious burden on parents raising school-aged children, since, according to professional associations, prices in school canteens can be expected to rise due to the extraordinary increase in the price of food. It is conceivable that you will have to pay more for extra lessons and sports, as utility costs may rise here too, which may also be indirectly reflected in the parents.

K&H