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2.5 Million Hungarians Lost Income Due To Covid-19

• 19 May 2021 9:49 AM
• Hungary Around the Clock

Some 25% of Hungarians are living on less money, and 8% have a much lower income since the start of the epidemic, according to a survey conducted by the left-leaning Publicus Institute at the end of April.

The poll of a sample of 1,000 people shows that many noticed the rise in food prices. When asked what is causing their financial situation to get worse, the vast majority of respondents, 65%, cited high inflation.

On another question, 17% of those surveyed said their workplace is not functioning, that they received less pay, or that they had no income at all since the outbreak.

However, due to the deteriorating financial situation, only 12% of those affected asked for help from relatives, friends, or a bank.

At the same time, food industry executives say bread, milk, meat and soft drinks will become more expensive. The price of basic ingredients and staple foods has risen by 40-50%, and in some cases by more than 100% in a few months.

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Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

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