Is it really the unbridled profit hunger of Hungarian businesses that causes high inflation?
Hungarian companies did not basically raise their prices in order to make even more profit, but in order to stay afloat in successive crises.
It should also be seen that the profitability of domestic companies – hundreds of thousands of micro, small and medium-sized enterprises and most medium and large companies – has probably not increased more compared to previous periods or compared to European average values, and in fact, in many cases, these could stay under. What has grown in Hungary, however, is the gross operating result, but this statistical data alone tells very little about corporate profits or the benefits of their owners. Instead of the baseless mention of the fear of profit inflation and creating a false mood, the answer of the National Association of Entrepreneurs and Employers (VOSZ) is that it is worthwhile to examine the situation of businesses on a responsible and professional basis so that correct decisions can be made to manage and reduce inflation.
Related news
Pensioners are in a difficult situation at the cash register
According to the latest data from the Central Statistical Office…
Read more >Inflation slowed in the United States in July
In July, inflation and core inflation in the United States…
Read more >The core inflation rate calculated without food and energy prices did not change on a monthly basis in the USA
A várakozások alatt alakult júliusban a termelőiárak emelkedése mind havi,…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >