Economy

Annual inflation in Hungary was 5.5 percent in December, while it averaged 17.6 percent in 2023, the Central Statistical Office (KSH) said on Friday. Month on month, inflation fell by 0.3 percent.

Hungarian industrial output in November fell by an annual 5.8 percent, while working day-adjusted output was 5.6 percent lower, the Central Statistical Office (KSH) said in a second estimate on Friday.

European Union funds represent a significant contribution to Hungary's development policy, the minister of public administration and regional development said on Tuesday.

Hungarian industrial output dropped by an annual 5.8 percent in November, after falling by 3.2 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.

The government's "most important goal" this year is to kick start economic growth while reducing the budget deficit and public debt further, the finance ministry said on Tuesday.

Retail sales in Hungary fell by an annual 5.4 percent in November, the Central Statistical Office (KSH) said on Monday.

Hungary's jobless rate stood at 4.2 percent in November, up from 4.1 percent in October and 3.8 percent twelve months earlier, the Central Statistical Office (KSH) said on Friday.

Factory gate prices fell by an annual 6.6 percent in November, falling for the fourth month in a row after rising for years, the Central Statistical Office said on Friday.

Hungary drew record investments of more than 13 billion euros in 2023, Peter Szijjarto, the minister of foreign affairs and trade, said on Thursday.

In November 2023, 1.0 million guests spent 2.5 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments). The number of guests was 13% higher and that of tourism nights 7.5% higher than a year earlier. The number of nights spent ...