Varga Mihály: the higher level of inflation is temporary

By: Trademagazin editor Date: 2021. 08. 04. 11:20

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The higher level of inflation is temporary, if the central bank uses its existing assets, then inflation may return to the 3 percent range in 2022, the Minister of Finance told atv.hu.

Varga Mihály said that the reduction of the value added tax (VAT) cannot have a significant effect on prices in the long run, it is decided by market processes, not the intention of the government. (MTI)