Weekly newsletter

Prices Expected to be 20-30 Percent Higher Over the Christmas Season

Hungary Today 2021.10.27.

In many popular product categories, one can expect higher prices and less deals this holiday season, but the public’s desire to buy will likely be stronger.

This article was originally published on our sister-site, Ungarn Heute. Translation by Júlia Tar

The reason for the inflation is the negative impact of the coronavirus on the world’s economy, reduced production capacities, as well as problems in delivery and logistics. As a result, many products arrive in Europe in smaller quantities and have slower delivery times. There is a broader supply of more expensive products and a smaller supply of cheaper ones, which also leads to inflation. In addition, there is the loss of the forint against the euro, which will also be reflected in prices.

Hungarians to Spend a lot on Christmas Gifts
Hungarians to Spend a lot on Christmas Gifts

Hungarians may appear to have more money at their disposal this holiday season, but the record high of personal loans tells a different story. The Hungarian Trade Association’s (OKSZ) forecast predicts that the course of trade is going to reach record levels this December. According to OKSZ, the overall revenue of the sector—from the last […]Continue reading

You will not be able to count on special promotions like Black Friday either, because retailers are only willing to give a discount for those products they already have in stock. However, it may happen that discounts for goods that arrived late will be granted only after the holidays.

Source: HVG

Featured image: illustration via Pixabay