Hungarian government indirectly admits that inflation will be higher than expected - DailyNewsHungary

At the meeting on Wednesday, the government heard the new president of the Hungarian National Bank, who explained the forecasts of the central bank and the processes behind the figures, both the government and the central bank expect inflation of 4.5 percent this year, therefore they will carry out an additional pension increase - announced Gergely Gulyás, the Government Information on Thursday Ox. In practice, this will mean that a pension supp…

Hungarian government indirectly admits that inflation will be higher than expected - DailyNewsHungary

Hungarian pensioners will get an average top-up of HUF 39,600 in November to compensate for higher than expected inflation, the National Economy Ministry said on Friday. The ministry noted that pensions had been raised by 3.2pc in January, corresponding to the government’s assumption for average annual inflation. That assumption has been raised to 4.5pc, and the 1.3pc difference will be paid to pensioners, retroactively, in November, it added. B…

The government retains the purchasing power of pensions - in November, pensioners will receive an additional increase of HUF 39,600 on average.

Minister Gulyás: Small local shops will receive 1 to 3 million forints to cover operational costs

At the latest Government Info press conference, Minister of the Prime Minister’s Office Gergely Gulyás announced a 1.3 percent supplementary pension increase, expected to be disbursed in November.

Bloomberg wrote that Gergely Gulyás directed everyone to Márton Nagy in this regard.

Inflation is rising, pension supplements are coming - Index's coverage of the briefing by Gergely Gulyás and Eszter Vitályos.