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DK: Full-year inflation to be ‘brutal’

An opposition Democratic Coalition (DK) official has insisted that higher household energy bills will feed into "brutal inflation" by the end of the year.

Referring to a portfolio.hu report, Laszlo Varju, the leftist party’s deputy leader, told an online press briefing on Monday that it was likely that inflation had “jumped” to 13 percent in July, and the market expected the December price index swell to 16.5 percent.

Also, he cited g7.hu, an online business and finance outlet, in July as reporting annual food-price inflation of almost 35 percent.

Varju demanded the government help people with VAT and other tax reductions as well as subsidies.

 

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