But despite the Christmas cheer, the cost of living crisis in the Central European country means many Hungarians and tourists alike are finding the beloved annual markets a blow. The economy ended four consecutive quarters of contraction in September and skyrocketing prices have plagued the country for the past two years. Hungary had the highest inflation among the 27-nation European Union, at more than 25% for most of 2023. Food prices in particular have seen dramatic increases. Still, tourist Sindar said he is concerned that some locals may still be deprived of the holiday experience.

Source: Washington Post December 13, 2023 14:05 UTC