In a huge competition, Hungary became the EU champion in inflation
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2022-12-16 16:14:00
Dubious glory, but there is a minimum in which we are leaders.
Hungary left everyone behind in terms of the November rate of monetary deterioration, according to Eurostat data according to Although the Baltic states were still able to compete with Hungary in October, by November they too were under attack by Hungarian inflation.
The measure of dubious glory was still in the lead in October at 22.5, followed by Lithuania at 22.1, Hungary at 21.9 and third at 21.7 percent in Latvia.
The order for November: Our country ruthlessly broke into the lead, so our money was already worth less from 1 on the 23rd. Latvia maintained its position of 21.7 percent, thus reaching second place, while Estonia was divided and forced into third place, from 21.4.
The last place in inflation in November is Spain, with only 6.7 percent, followed by France (7.1 percent), Malta (7.2 percent) and Luxembourg (73 percent). In other words, this is where the population has the least to keep prices from brutally rising. The EU average was 11.1 percent. As for the other members of the Visegrad Four, the inflation figure was 17.2 percent in the Czech Republic, 16.1 percent in Poland, and 15.1 percent in Slovakia.
The numbers are also remarkable in the light of the fact that the Orbán government used to explain the ever-increasing price increases with the Russo-Ukrainian war, and more recently with the “Brussels sanctions”, including those affecting the energy sector. Hungary was exempted from energy sanctions.