Pension increase in Hungary below inflation, says media outlet
The Orbán cabinet promises 3.2% but e.g. the food price inflation was 4.9%. #inflation #pension #money
Pensions will rise by 3.2 percent from January, level with the expected rate of inflation for this year, Róbert Zsigó, a state secretary, said in a video message posted on Facebook on Saturday.
Zsigó said the average monthly pension of 234,000 forints (EUR 564) would rise by around 7,500 forints as the government ensures the purchasing power of pensions.
He said pensioners would get their annual bonus, equivalent to a full month’s pension, in February. Brussels expects the government to scrap that annual pensioners’ bonus, but it will not comply, he added.
According to 24.hu, the real value of the Hungarian pensions will decrease this year because the annual inflation for 2024 will be around 3.7%, while the food price inflation reached 4.9% last year. Hungarian pensioners may expect a correction only this November.
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