Gulyás said the inflation-linked increase would be paid retroactively from the start of the year.
He noted that pensions were raised 5% from January, in line with the projection for CPI at the time. Now, the Finance Ministry believes average annual inflation of 8.9% is "realistic", taking into consideration the latest forecast by the National Bank of Hungary, he said.
Pensioners in Hungary normally get a top-up in November, if inflation exceeds the forecast, but Gulyás said the top-up is being paid earlier in light of the difference between the earlier and present CPI forecasts.
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