Steven N.Consumer prices rose 9.5% in April compared to the same time last year, according to official inflation data from the Central Statistical Office. However, in a poll of 1,000 households conducted by GKI Economic Research, Hungarians perceived a 22% price increase, the research institute stated.
The researchers noted that the public’s “perception” is not based on facts but rather on perception, which could be strongly influenced by recent events.
Over the past four years, the difference between official inflation and polling-based perceived inflation has been over 11% per month on average and continues to increase, writes GKI. [444]
