Despite Record High Inflation in Hungary, Price Increase Still in Mid-range within EU Countries

The editor of AmHunCham website would like to draw readers’ attention to the article published by “Hungary Today”.  You can read in the “Although inflation in Hungary hit a 15-year-old record in March, 11 EU countries still saw a higher increase in prices, according to Eurostat data. This puts the Hungarian level of inflation in the European Union middle range.”

Inflation rates

The editor of AmHunCham website would like to draw readers’ attention to the article published by “Hungary Today”.  You can read in the “Although inflation in Hungary hit a 15-year-old record in March, 11 EU countries still saw a higher increase in prices, according to Eurostat data. This puts the Hungarian level of inflation in the European Union middle range.”

In an article in Hungary Today, the author writes that “Consumer prices in Hungary grew by an annual 8.6 percent in March, the worst inflation figures in Hungary in 15 years.

However, according to recently published data by Eurostat, prices in Europe are rising so much that the average inflation rate of the 27 member states stands at 7.8%, which is only slightly below the Hungarian figure. In total, 11 EU countries had higher annual inflation in March than Hungary.

In central and eastern Europe, inflation was significantly higher than the EU average, at 9.6% in Romania and Slovakia, 10.2 percent in Poland, and 11.9 percent in the Czech Republic. The highest annual rates were recorded in Lithuania (15.6%), and Estonia (14.8%).”

Inlation

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Source: Hungary Today (Péter Cseresnyés 04.22. 2022. )