The price caps will remain in place until June 30, and the price policies of the large food chains are being monitored

By: Trademagazin Date: 2023. 04. 20. 13:34

The government has extended the price caps until June 30 – announced the minister in charge of the Prime Minister’s Office on Thursday in Budapest, on the Government Information. Gergely Gulyás also announced that agricultural irrigation will be free this year.

The minister said: the Russian-Ukrainian war has serious economic effects all over the world, inflation records have been broken from the United States to Western Europe. In Central Europe, too, since the inflation records of the years following the system change, inflation has not been high, he noted.

As long as the war lasts and there are sanctions, there is also inflation, he said. He added that the government is doing everything to ensure that inflation in Hungary reaches single digits by the end of the year, and many factors must contribute to this.

The minister also indicated that they are monitoring the price policy of large food chains.