Márton Nagy: the inflation data are in line with the government’s expectations
The inflation data for March are in line with the government’s expectations, inflation peaked in January and then started to decrease, Minister of Economic Development Márton Nagy told Világgazdaság on Wednesday.
In the article published on vg.hu, the minister recalled that inflation was 25.7 percent in January, 25.4 percent in February, and 25.2 percent in March, “so the improvement is moderate, but continuous and trend-like.”
He noted that the cabinet formulated clear goals even in the economic situation affected by sanctions: they will protect families, pensioners, full employment and utility reduction up to the level of average consumption. In addition, they will avoid recession this year and reduce inflation to single digits by the end of the year, he added.
He drew attention to the fact that supermarket chains are now bidding on each other to announce price reductions, which is increasingly reflected in the data. According to him, partly due to this and partly due to the correction of the supply side, the increase in food prices moderated further in March.
Related news
FAO: Global food prices fell in September
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Research: How different generations view social labels
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >MNB keeps base rate at 6.5% – growth outlook worsens
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
KSH: retail turnover in August exceeded the same period of the previous year by 2.4 percent and the previous month by 0.8 percent
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >NGM: purchasing power is increasing, retail trade is expanding – family tax cuts and food vouchers for pensioners are further strengthening turnover
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >K&H Analyst Commentary: There is still room for expansion in Hungarian stores
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >