Now it was not food prices, but the farewell of the fuel price cap that pushed inflation
“In December, exceptionally, it was not food prices but the introduction of the petrol price cap that pushed inflation in Hungary, which unfortunately set another historical record. But at least we don’t have to wait long for the turnaround, according to all signs, we are at the end of the tunnel” – reads the consensus of Világgazdaság analysts position.
Inflation may have accelerated further in December, after the effect of the cancellation of the fuel price cap appeared as a new element in the consumer price index in addition to the almost usual increase in food prices, which alone could have thrown the monthly pace of price increases by about 2 percentage points – the experts interviewed by our newspaper unanimously pointed out Prior to Friday morning’s data release by the Statistical Office (KSH).
According to the consensus of Világgazdaság analysts, consumer prices in December rose by 25.7 percent compared to the same period of the previous year, and by 3 percent on a monthly basis. All of this also means that you have to scroll further back in Hungarian economic history to find inflation of this magnitude: precisely in March 1996, that is, almost 27 years ago, the CSO measured price increases at this rate in our country.
Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >