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Gov't issues decrees on pensioners' premium, top-up

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Hungary's government has issued decrees on an HUF 80,000 pensioners' premium linked to economic growth and a 1.2% top-up to compensate for higher-than-expected inflation in the latest issue of the official gazette Magyar Közlöny, according to a report by state news wire MTI.

Retired Hungarians will get the premium and top-up with their November pensions.

Finance Minister Mihály Varga said in September that Hungary's full-year GDP growth could reach 7-7.5% this year.

Consumer prices rose 4.3% year-on-year in January-August. In its latest quarterly Inflation Report, the National Bank of Hungary (MNB) augured a further rise in inflation in the autumn months and put CPI over 5% for the rest of the year.
 

 

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