The cabinet can decide the fate of the price cap as early as this weekend

By: Trademagazin Date: 2022. 09. 15. 15:43

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Will the price cap remain or will a new world come from October? According to VG, there is a good chance that the cabinet will meet this weekend. Next week at the latest, however, the fate of HUF 480 fuel and fixed-price food will be decided.

According to analysts, the withdrawal would cause higher inflation

All things being equal, it will continue to significantly cool otherwise runaway inflation. If so, then the shortages may disappear, and producers and traders may be happy. According to the expert, both the maintenance of the price caps and their immediate removal would be extreme, so an intermediate solution is more likely.

“We always make decisions according to a specific schedule. Some of the price caps would expire on October 1. Before that, we will decide on them at the next government meeting. That’s either next week or two weeks from now. If it’s next week, it’s definitely not Wednesday”

– this is what Gergely Gulyás said at last Thursday’s government briefing, when journalists asked him what will be the fate of official-price fuel and fixed-price basic foodstuffs.

Based on this, it is not excluded that the cabinet will still discuss the issue this week, but it is also in the deck that it will be the next.

According to VG, there is a definite chance that the cabinet will meet this weekend, on Saturday.