16:53 - 8.04.2022

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April 8, Fineko/abc.az. In March, inflation in Hungary continued to rise with consequences such as pre-election record spending, loss of currency value and rising oil prices.

ABC.AZ reports with reference to the foreign media that the consumer price index in the country recorded the largest increase since 2007, growing by 8.5% year-on-year in March.

The average estimate of economists who took part in the Bloomberg survey reached 8.8%.

Russia's intervention in Ukraine has increased inflationary pressure, which has proved effective on the rise. So, after 24 February, the Hungarian currency forint became the most depreciated monetary unit, having fallen in price by 5% against the euro.

The Hungarian Central Bank yesterday kept the weekly interest rate on deposits at 6.15%. And this is the highest interest rate in the EU.