Inflation will reach 7.9% in 2026, impacting pensioners' purchasing power

The National Commission for Strategy and Forecasting has announced an upward revision to its annual inflation estimates for 2026, now projected to reach 7.9% — 1.4 percentage points higher than forecast in autumn.

This substantial rise in inflation will have a direct impact on older adults and pensioners, who rely heavily on fixed incomes. The purchasing power of pensions will be significantly eroded, affecting seniors' ability to meet their basic needs.

According to the macroeconomic forecast for the period 2026–2029, the upward revision was driven by the escalation of the Middle East conflict, which is influencing energy prices and other essential goods.

For pensioners, this development means they will face ever-increasing costs for medicines, healthcare services, food, and utilities, whilst their pensions will not rise in line with inflation.

Specialists recommend that authorities consider additional social protection mechanisms for vulnerable groups, including older adults, in order to counteract the negative effects of this high inflation on their standard of living.