In order to break inflation, Judit Varga and Márton Nagy discussed consumer protection measures
In order to break inflation, Judit Varga and Márton Nagy discussed consumer protection measures, the Ministry of Justice and the Ministry of Economic Development announced on Tuesday.
It was highlighted in the joint press release of the two ministries: the war and the failed Brussels sanctions caused an energy crisis and sanctioned inflation across Europe. They added that in order to protect families and the economy, the government has already decided on 20 measures in order to break down and reduce the rate of inflation to single digits throughout the year. As part of these measures, he introduced, among other things, the interest rate cap, the food price cap, and protected utility reduction up to the level of average consumption.
“The vaccine against sanctioned inflation is working, as expected by the government, it already peaked in January, and after that it started to decrease”
– says the statement.
Related news
Only two EU countries have higher inflation than Hungary
The European Inflation Outlook of the Private Banker compared the…
Read more >Consumer prices in the euro area rose by 2.2 percent in April, following March
The annual inflation rate in the euro area was 2.2…
Read more >Spain’s inflation slows to six-month low in April
In Spain, annual consumer price inflation fell to 2.2 percent…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >