Hungary August Inflation 4.9%
Annual inflation in Hungary was 4.9% in August, up from 4.6% in the previous month, the Central Statistical Office (KSH) said.
Adam
Economy
Finance Minister Calls for ‘Significant’ Minimum Wage Rise
A “significant” minimum wage hike is needed to retain Hungary’s current advantage against other European countries in restarting the economy after the coronavirus pandemic, Finance Minister Mihály Varga said after talks with László Parragh, the head of the Hungarian Chamber of Commerce and Industry.
“CEE Region Economies Recovering Faster Than Mediterranean”
Hungary’s economy has already recovered from effects of the pandemic, similarly to the economies of Poland, Romania, Lithuania and Latvia, while the national economies of several Mediterranean states need a lot more time, Márton Nagy, senior economic advisor to Prime Minister Viktor Orbán, said on Tuesday evening.
The price of fuels in Hungary increased by 21 percent in one year
In August, consumer prices were on average 4.9 percent higher than a year earlier, and on average, they grew by 0.2 percent on a monthly basis, the Central Statistical Office (CSO) reported on Wednesday.
Industrial Output Up 8% in July
Output of Hungary’s industrial sector rose by an annual 8% in July, the Central Statistical Office (KSH) said in a first reading of data.
Government Approves Proposals on Rebooting Economy
The government has approved four proposals made by the body responsible for working out ways to revive Hungary’s economy, with a view to boosting the competitiveness of enterprises and developing infrastructure, the foreign and trade minister said.
Retail Sales at 3.0% in July
Retail sales in Hungary rose by an annual 2.5% in July, or 3.0% when adjusted for calendar year effects, preliminary data released by the Central Statistical Office (KSH) show.
PPI Climbs Close to 15% in July
Factory gate prices in Hungary climbed an annual 14.8% in July, the fastest rate in years, data released by the Central Statistical Office (KSH) on Thursday show.
Trade Volume Continues Double-Digit Expansion in June, KSH Confirms
Hungary’s trade volume continued to grow in the double digits in June, the Central Statistical Office (KSH) confirmed in a second reading of data released on Wednesday.
Hungary GDP Rebounds From Low Pandemic Base
Hungary’s second-quarter GDP grew by 17.9% year-on-year, after a double-digit decline in the base period, the Central Statistical Office (KSH) confirmed in a second reading of data released on Wednesday.