Hungary’s 8.6% inflation rate is in the European Union middle range, Finance Minister Mihály Varga said on Friday, citing Eurostat data. Varga said on Facebook that EU inflation averaged 7.8% in March.
In central and eastern Europe, inflation was significantly higher than the EU average, at 9.6% in Romania and Slovakia, 10.2% in Poland and 11.9% in the Czech Republic, he said. Inflation has been high in the whole of Europe as a result of skyrocketing energy prices, he added. The Hungarian government has taken effective measures to reduce the effects and these have dampened inflation by several percentage points, he said.
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