Central and Eastern Europe is losing its economic momentum due to the Russian-Ukrainian war

A huge test for East Central Europe is the combined effect of war and rising inflation
In the countries of Central, Eastern and South-Eastern Europe (CESEE), inflation rose to double digits almost everywhere in May, the only exception being Slovenia. The rate of price increase was the fastest in Turkey. The reason for the high inflation rates was, among other things, the loss of agricultural exports from Russia and Ukraine. According to the Vienna Institute for International Economic Studies (WIIW), the prices were driven up by the scarcity of supply on the world market. (MTI)
Related news
Slowdown and price increase at the same time – this is how the milk market will develop in the summer
The dairy sector is experiencing both international price increases and…
Read more >Inflation accelerated to 2 percent in the eurozone and 2.3 percent in the EU on an annual basi
Inflation in the euro area and the European Union accelerated…
Read more >K&H: Middle-aged people perceive inflation to be much more severe than the actual data shows
The inflation perception of middle-aged Hungarians continues to far exceed…
Read more >Related news
Does food become more expensive because it passes through too many hands? – Tamás Éder spoke about supply chains and the illusion of “shortening”
Many people believe that food prices could be cut if…
Read more >“This is a political product” – The Secretary General of the Hungarian National Confederation of Trade Unions spoke about the margin freeze and the retail crisis
It cannot be justified professionally, but it can remain –…
Read more >FAO recognizes young farmers
The Food and Agriculture Organization of the United Nations (FAO)…
Read more >