In recent years, several crises have affected the world, including the coronavirus pandemic which has had a negative impact on people’s lives and the restaurant industry, but also on several other sectors of the economy.
Then there’s the global issue of inflation and on top of all that, ever since Russian armed forces launched an attack on neighboring Ukraine, the forint has hit an all-time low, reaching the dreaded threshold of 400 forints for one euro.
All these events had serious repercussions on the Hungarian economy and, since there were already problems with wages and standard of living in Hungary, the collapse of the forint has aggravated the situation.
24 processed Eurostat data from 2020 and found that the deterioration in living standards is present in people’s ability to buy adequate food, especially among those already at risk of impoverishment.
Once again, Hungary are at the top of a list they should have avoided.
According to the media outlet, while on average 8.6% of EU citizens cannot afford to consume meat, fish or another vegetarian equivalent at least once every two days, this ratio is 12.8% in Hungary.
Unfortunately, in this regard, Hungary is in 4and place. From the data set, it becomes clear that Bulgaria is in the worst situation. There, a total of 26% of the population cannot afford to buy such food items every other day.
Surprisingly, however, the second place is occupied by Germany, where this rate is above 15%, followed closely by Romania which is at 14.7%, closing the top three with the highest rate of people unable to afford adequate food.
At the other end of the scale is Cyprus with only 1.1%, but as usual the Scandinavian countries also have a low rate of “food poverty”.
According to Eurostat’s definition, a person is at risk of impoverishment if their income does not exceed 60% of the median salary of their respective country.
As the median salary in Hungary was just over 180,000 forints (~€474), this applies to people earning 108,000 forints (~€285) or less, writes 24.
In this comparison, Hungary managed to slip a little lower, but with a high rate it still ranks 5and position, while Bulgaria, unfortunately, maintained its position.
24 writes that Eurostat has also collected data on the percentage of people who do not have access to the Internet, which today is an essential service.
In this regard, Hungary is even worse, ranking 3rd position in both demographic groups.
If we take the whole population, a total of 4.9% cannot afford their own Internet service provider. However, it is clear that it is still half that of Bulgaria, which is in 2n/a place, and almost a quarter of that of Romania.
Source: 24.hu, Eurostat, Dialy News Hungary