NGM: retail trade grew due to increasing employment, personal income tax reduction and low inflation
Retail sales increased by 6.6 percent in February, compared with the similar period of 2015, due to the record-high employment, the one percentage point reduction in personal income tax (PIT), and due to the low inflation.
Marczinkó Zoltán, Deputy Minister of State of the the Ministry of National Economy (NGM) responsible for corporate relations told M1 news channel on Monday that the sales of food, non-food products and fuel sales increased as well. (MTI)
Related news
Egg market 2025: price increases and opposing trends in the world
In the third quarter of this year, a decline in…
Read more >Eurozone inflation remains at 2 percent in July
After June, annual inflation in the eurozone was 2 percent…
Read more >Inflation in Slovakia rose to record levels in July
In Slovakia, annual inflation was 4.4 percent in July, the…
Read more >Related news
OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >KSH: investment performance decreased by 8.0 percent compared to a year earlier
The volume of investments in the second quarter of 2025,…
Read more >K&H’s child-friendly office has been renovated
Summer break is paradise for children, while for parents it…
Read more >