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
K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >
The domestic economy grew by 1.1% in the first quarter
In the first quarter of this year, the performance of…
Read more >
Mihály Varga: the Hungarian economy is back on the growth track
The Hungarian economy returned to the growth path in the…
Read more >Related news
Euro zone inflation was 2.4 percent in April as well after March
In line with analysts’ expectations, annual inflation in the euro…
Read more >
K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >
The domestic economy grew by 1.1% in the first quarter
In the first quarter of this year, the performance of…
Read more >
