Parbeszed: Budget assumption of 2.8 pc inflation 'untenable'

The government's budget, based on an assumed inflation rate of 2.8 percent, is untenable, a lawmaker of the opposition Parbeszed party said on Wednesday. Speaking at a press conference in Budapest, Sandor Burany noted that the National Bank of Hungary forecasts an inflation rate of 3.8 percent for 2020. Last December, inflation reached four percent, a seven-year high, he added. Burany warned that the immediate cost of living has grown by an even larger margin. The price of the basic food basket has grown by five percent on average. The price of pork has grown by nearly 24 percent, sugar by ten percent, and seasonal fruits and vegetables by 9 percent, he said.