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25 Jul 2023

Hungary still has an inflation rate of >20%, highest inflation rate in entire EU.

Inflation is driven by food prices (Food CPI +29% YoY) as Hungary has been hit by a drought and this has caused prices to rise. In addition, there is a shortage on the labor market, low labor productivity & very expansionary macroeconomic policies. Source: Bloomberg, HolgerZ

#inflation| #hungary

Hungary still has an inflation rate of >20%, highest inflation rate in entire EU.

Hungary still has an inflation rate of >20%, highest inflation rate in entire EU.

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