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
NGM: the “150 new factories” program helps restore industrial production
According to data from the Central Statistical Office, the volume…
Read more >Márton Nagy: the most important task is to boost economic growth
Minister of National Economy Márton Nagy called the most important…
Read more >KSH: retail turnover exceeded the same period of the previous year by 0.4 percent, decreased by 0.5 percent compared to the previous month
In March, the volume of retail sales in Hungary decreased…
Read more >Related news
New markdown limit in drugstores to come from May 19 – thousands of products could be affected
According to the announcement of the Minister of Chancellery Gergely…
Read more >Hungarian shoppers love prize games, according to a recent survey
Almost all Hungarian shoppers are willing to spend more if…
Read more >Sustainability at its best: the Respray refill machine has arrived at Rossmann for nationwide expansion
The world’s first spray product refilling machine, Respray, has grown…
Read more >