Bad News For Consumers In 2007

May 2007
Emerging Europe Monitor: Central Europe & Baltic States;May2007, Vol. 14 Issue 5, p1
Country Report
Country Report
The article examines the consumer pessimism that will be experienced in Hungary in 2007. In addition to the implementation of the value-added tax hike for consumer goods in 2006, the Hungarian government has started imposing the 4% solidarity tax in January 2007. Based on the article, the household spending in the first quarter of 2007 was stalled by the excise tax on alcohol and cigarettes. Among the factors that contribute to consumer pessimism are eroding consumer income and price increases.


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