NGM: the Hungarians have more purchasing power
The January retail sales increased by 8.7 percent, compared to the same period of the previous year, which shows that the the Hungarian consumer purchasing power became higher.
The growth in purchasing power contributes to the dynamic growth of the economy – Lenner Áron Márk, Deputy Minister of State for the Ministry of National Economy (NGM) told on M1 channel, describing the data of the Central Statistical Office (KSH). He added that the commercial sector is specifically gaining momentum, due to the increase in real incomes, improving employment, and the strengthening of the Hungarian economy. (MTI)
Related news
NGM: the cash register in our pocket – the NAV ePénztárgép and NAV eNyugta applications can be downloaded for free
The cash register is in our pocket, the NAV ePénztárgép…
Read more >Voluntary price restrictions on medicines come into effect today
.The government always acts against unjustified price increases in the…
Read more >The government is satisfied with the latest labor market data
Hungarian employment is among the leading in Europe, and the…
Read more >Related news
Drought, technological competition and collaboration: the domestic melon season has begun
The 2025 Hungarian melon season starts amidst serious challenges: the…
Read more >Tourism economy deteriorating, but better than the national economic average
In June 2025, 70% of tourism companies reported an increase…
Read more >Price increases, export declines, new consumer habits – this is how the poultry and egg market developed in the first half of 2025
Látványos változások jellemezték 2025 első félévét a hazai baromfi- és…
Read more >