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.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2022/11/Ke%CC%81pernyo%CC%8Bfoto%CC%81-2022-11-07-23.05.12.png)
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 unexpectedly low inflation in June surprised analysts
The Hungarian inflation data published this week caused a pleasant…
Read more >Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >Food prices rose by 1.1 percent in Romania
Annual inflation in Romania fell to 4.9 percent in June,…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >