- 25 Oct 2023 11:54 AM
- Hungary Around the Clock
Vodafone Hungary announces its new fees before its competitors, because it calculates its annual inflation adjustment on a September 1 - August 31 basis, while Magyar Telekom, Yettel Hungary and Digi use the average price index change of the previous calendar year as a basis.
“The size of automatic inflation adjustment, without doubt, would be 22.01%, but the macroeconomic and sectoral environment have also changed, so we have decided to postpone the fee correction until March 1, 2024, and only apply a significantly smaller correction of 15.4%”, CEO Tamás Bányai, who was appointed in September, said in remarks to website HWSW.
Vodafone is indeed raising its fees to a lesser extent than it could, but, given the 6-7% inflation forecasts for 2024, the planned increase is significant, Portfolio adds.