NGM: the fight against inflation has entered a new phase
The fight against inflation entered a new phase after the rate of currency deterioration in Hungary dropped to a significantly lower than expected level in December, said the chief economist of the Ministry of National Economy (NGM) at his press conference on Friday.
Based on the inflation data published on Friday, Gergely Suppan believes that the government has reached its goal set by the end of 2023. According to the report of the Central Statistical Office (KSH), consumer prices in December increased by an average of 5.5 percent compared to the same period in 2022, and decreased by an average of 0.3 percent compared to November.
The rate of domestic currency deterioration is now lower than in the Czech Republic, Poland or Romania, added the NGM expert.
Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >
Companies are recruiting more cautiously now than they planned at the beginning of the year
The average number of applicants remains particularly high in the…
Read more >
The GKI business climate index decreased slightly in July
According to a survey by GKI Economic Research Ltd. –…
Read more >Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >
2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >
Top 10 Places for the Best Cottage Cheese Dumplings in Hungary
There’s a dish that transcends generations, evoking both the nostalgia…
Read more >
