Economist: Food prices are guaranteed to make products cheaper

According to Géza Sebestyén, the Hungarian government reacted correctly and among the fastest to the increase in consumer prices. Inflation is now worldwide.

He said that the VAT reduction is effective in “normal times”, but when prices rise extremely quickly and companies increase their profit margins, another tool is needed. If the price cannot go above last October’s, it will definitely mean cheaper products for the population, he stressed.