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Inflation Forces 45% of Hungarian to Stop Buying Some Basic Items & Food

• 18 Jul 2022 11:26 AM
• Budapest Business Journal

Some 45% of Hungarians have already been forced to give up some basic food and household goods due to price increases reports napi.hu.

Women, pensioners, and people with primary education feel the inflation most.

Only one in seven Hungarians (14%) said they spent the same as before. The others had, at least partially, to give up something because of the rising prices.

For the time being, 41% of the population has only had to cut down on "luxury" expenses, giving up on entertainment and more expensive services, such as beauticians, hairdressers, gyms, and more expensive food.

Another 45%, on the other hand, were forced to cut back even more; they are already forced to save on basic food and household items, such as cleaning and hygiene products.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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