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The organization’s statement on Saturday said it has and will have dangerous consequences for the government’s economic policy and insensitivity based on domestic consumption, by failing to take into account the increasingly critical situation of those with the lowest incomes, including the most retirees.
The announcement indicated that the government will give the difference between the 2.8 percent increase since the beginning of the year and the 4.3 percent inflation of retirees in the first eight months, but the organization’s experts expect an increase. higher price expected by the end of the year. The average pension, which will increase by an average of 1,700 HUF, will approach 144,000 HUF from November, but this amount will not be enough for a decent life for pensioners due to the transformation of the consumption structure in the epidemic situation, NYUSZET notes.
They added that older people spend more than their average income on food, and this previous rate of 30 percent could have risen even more since the virus appeared, based on experience. At the same time, it is difficult to know the real situation if the CSO determines inflation from the consumption structure of two years ago.
In NYUSZET’s view, bringing the additional increase forward to October would be a significant help, as they would still consider it justified to pay a one-time immediate pension supplement of HUF 50,000 to those who receive benefits at least below the average pension.
Cover image: Shutterstock
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