Household Inflation Expectations Continue to Rise
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Inflation expectations among households continued to rise in September, which is not surprising because companies have started incorporating special taxes into consumer prices, and the government has more than doubled the cost of electricity while the gas price is seven times above average consumption, writes portfolio.hu.
According to the GKI Gazdaságkutátó survey, the last time people saw the inflation situation as unfavorable as it is now was in 2007.
In the coming months, households and companies may also face high energy costs, further driving inflation upwards.
The fact that the forint has fallen to a new historic low against the euro and that a permanently weak exchange rate, which manifests itself through the increase in the price of imported products, has developed and is another breeding ground for price jumps.
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