Márton Nagy: inflation has practically collapsed, the government has already reduced it below 4 percent
According to the data of the Central Statistical Office (KSH), in January 2024, the government reduced the rate of inflation to less than one-sixth of its peak a year ago, to 3.8 percent. On an annual basis, the price of household energy decreased by 11.3 percent, the price of fuel by 11.9 percent, and the price of durable consumer goods by 1.4 percent – highlighted the Minister of National Economy, Márton Nagy, analyzing the latest data.
In his statement on Friday, he explained that inflation practically collapsed in the course of just one year, so it is no longer a significant problem from the point of view of the economy. Hungarian inflation has now dropped to a more favorable level than in Estonia (5.0 percent), Croatia (4.8 percent), Austria (4.3 percent) or Slovakia (4.3 percent).
According to the Minister of National Economy, this was helped by targeted government measures, such as the online price monitoring system and mandatory campaigns.
Related news
Here is NAV’s 2025 audit plan – new forms of audit, new areas in focus
The NAV 2025 audit plan has been published, in which,…
Read more >NAV President: the data reconciliation procedure further whitens the economy
The National Tax Office (NAV) will focus more on filtering…
Read more >GKI analysis: Hungarians will receive more than a trillion forints
In recent months, the Premium Hungarian Government Bond (PMÁP) has…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >