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Restaurant prices skyrocket in Hungary: people eat less
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A main dish costs HUF 5-7,000 (EUR 12.8-18) in a Hungarian restaurant, but that is too much for the average Hungarian. Therefore, eateries have fewer guests, and those who do eat out eat less.
According to portfolio.hu, inflation is lower, but people still do not have enough money to order 2 to 3 courses in a Hungarian restaurant. Instead, they have one. PM Viktor Orbán said in his annual State of the Nation speech that 2024 will be a better year for Hungarians because the economy will recover. That is good news, but real wages are still lower than last year.
László Kovács, the president of the association of the Hungarian caterers, said the prices of drinks and foods increased by 8.5-13% even though food price inflation was higher.
The good news for restaurant owners is that energy prices decreased to 2021 levels. Furthermore, many eateries could place solar panels on the roofs. Thus, they can save additional money on their energy bills. Zoltán Kőrössy, the founder and owner of Eventrend Groups, added that the energy crisis disappeared sooner than most people thought. And it was not a factor in reducing consumption.
Meanwhile, the inflation in Hungary reached a record high after 2022. For months, it was the highest in the European Union, resulting in masses of Hungarians doing their shopping in Slovakia, Romania, and even Austria. For example, the average food price inflation was above 60% in Hungary, but in some cases, like eggs or butter, it reached more than 100%.
Fidesz has ruined Hungary for Hungarians and for tourists. Why go to Hungary when you can go anywhere else in Europe and pay roughly the same prices? For Hungarians it’s a total disaster when you consider average income. Of everything you buy now in Hungary a portion of the price is due to corruption that causes inflated prices for everything as the inputs of retail and production are monopolized into the hands of Fidesz connect oligarchs who raise prices to line their pockets. Hungarians you can vote for four more years of misery when you get your next election in 2026.
And the quality decreased too.
Victor Mihaly Orban – current Prime Minister & Mihaly Varga – current Finance Minister – this examples AGAIN the FAILED economic & financial management Dircction & Decision(s) they have jointly made that have continue to send downwards the Economy, the quality of life of all Hungarians, from “all stations in life”.
There policies in particular have SMASHED the middle to lower income earners, and “aged” pensioners – quality of life, that is APPALLING.
There is NO recovery POSSIBLE – just in the facts contained in this article that REFERS again the appalling low base WORKERS are Paid.
DISPOSABLE in-come to enjoy such things as a Restaurant meal – the escalation of COST post the ending of the Covid Virus and the “Rocketing” of Inflation in Hungary – that remains NOT under Control factually in Hungary – millions upon millions of Hungarians can’t afford such a “pleasure” of life and it will WORSEN.
I have used this platform previous times that Hungary in the last (2) two years from my knowledge of Austria, Germany, Italy, France, Switzerland, and Portugal – places we visit – that Hungary prices across the board have rapidly moved to these mentioned county’s levels.
Orban/Varga – they have STUFFED our Economy and to THINK at the time of the outbreak of the Corona Virus in February 2020 – changes THEY introduced into the Economic & Financial Management of Hungary – the Heavy Heavy WARNINGS from individuals of greater knowledge & respect in Economics & Finance inside Hungary and Globally, the changes implemented introduced jointly signed off by Orban & Varga – has gargantuan DANGERS associated to them, that could CRIPPLE Hungary.
Orban/Varga didn’t LISTEN and what are we left with today a CATACLYSMIC Disaster.
NOTHING that Orban & Varga can DO to STABLIZE the on-going capitulation of the Hungarian Economy.