Slight improvement in the solvency of Hungarians due to lower inflation
According to research by Intrum and GKI, the small increase in Hungarian household solvency continued in the third quarter of 2023.
This article is available for reading in Trade magazin 2023/12-01
In the first quarter, the Intrum Solvency Index was at 6.51 points; the index was at 11.6 in the second and at 12.99 in the third quarter of 2023. While there has been a slight improvement in the financial situation of the population since the beginning of the year, Intrum and GKI still see a significant year-on-year decline, with the index down by 70% compared to the same period last year.”In Hungary the plunge in inflation was also driven by a drop in consumption. Purchased consumption was down 3.6% in the first quarter and 3.2% in the second quarter. Food prices climbed again in August after the lifting of the price caps”, says Judit Üveges, sales director of Intrum. //
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