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Hungary – CPI inflation in May 2023 was 21.5 percent year-on-year

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Inflation in Hungary in May 2023 amounted to 21.5 percent year-on-year, the local statistical office (KSH) informed. In April, Hungarian price and services growth was 24 percent year-on-year.

The Hungarian statistical office reported that in April this year compared to April 2022, food prices increased by an average of 33.5 percent, including confectionery by 59.6 percent, bread by 52.7 percent, dairy products by 51.3 percent, and butter by 46 percent, 8 percent Eggs also cost almost half as much as a year ago (an increase of 46.1%). The lowest price increases concerned flour – by 7.2 percent. and oil – 3.5 percent.

In addition electricity pricesgas and other fuels increased by 37.2% during the year, including gas prices by 49.1% and electricity by 27.2%.

On a monthly basis, consumer prices fell by an average of 0.4%.

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Inflation in Hungary – survey

According to a survey conducted by the IDEA Institute, 37% of Hungarians are the direct cause of the high inflation in the country is the policy of the government of Viktor Orban. For several months, Hungary has been recording the highest inflation in the entire EU.

According to 25 percent of respondents blame the sanctions imposed by the European Union for high prices Russia. In turn, 7 percent of respondents pointed to the war against Russia as the cause of inflation Ukraine.

Almost one third of the respondents (31 percent) did not want or were unable to point to the culprit in the current situation.

Among the voters of the ruling Fidesz-KDNP coalition, the vast majority (65%) share the government’s narrative that EU sanctions are to blame for inflation, and 15% support the government’s narrative. points to a Russian invasion of Ukraine. Among voters of opposition parties, as many as 79 percent. blames the Orban government for high inflation.

Poll was conducted on a representative group of 1,800 Hungarians in the period from April 27 to May 19 using the CAWI method.

Main photo source: Shutterstock

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