Márton Nagy: the price cap will apply to foods that are over 40 percent more expensive and can also be produced at home
According to Márton Nagy, the recession must be avoided and inflation suppressed, which is the current basis of Hungarian economic policy.
Prices will become lower
The Minister of Economic Development spoke in the InfoRádió Aréna program about the fact that next year the Eurozone could be in recession by 75-80 percent, Germany and Italy will almost certainly, Hungary will also “cool down” because of this. However, Hungarian exports are growing significantly for the time being, because a significant part of the products is already being exported from Germany.
According to Márton Nagy, compared to the planned price cap, the EU’s management of speculative positions on the gas exchange appears to be effective, and this could bring prices down by 50-70 euros.
“This is a successful and good thing. The price cap is a dead end and causes supply problems”
– he declared during the interview given to InfoRádio.
Related news
The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >
Márton Nagy: inflation remains at a low level
In accordance with preliminary government indications, inflation remained at a…
Read more >
Inflation increased moderately in October in the Czech Republic
Inflation in the Czech Republic increased by 0.3 percent from…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Using 30% less materials would be a solution to the climate crisis
The circular economy is a global imperative: it transcends geographical…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
