Finance Minister: Hungary’s High Inflation Rate ‘Temporary’

2021. augusztus 04.

Hungary Today

Hungary’s current high level of inflation is temporary and, as long as the central bank makes full use of the tools at its disposal, consumer prices may return to around 3 percent next year, Finance Minister Mihály Varga said on Monday. According to a recent datasheet by Eurostat, Hungary’s annual inflation rate is the highest in the whole European Union. The central bank has already made a move to reduce inflation, having been the first European central bank to hike the base rate, Varga said in an interview to the website of private broadcaster ATV.