Slight improvement in the solvency of Hungarians due to lower inflation

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. //