Viktor Orbán spoke about the future of the price cap
In the case of foodstuffs, as inflation comes down, the price caps that still exist will be removed – the Prime Minister said on Kossuth Rádió Good morning, Hungary! in his show.
Viktor Orbán explained: price caps are useful, they help to reduce inflation, but at the same time – since it is an artificial intervention in the normal processes of trade – it also has side effects. That is why it is good if these obstacles disappear from the system and we return to the normal economic situation – he said, adding: however, as long as inflation is very high, this cannot be done.
The Prime Minister said: they were able to protect the overhead protection system, people can still get energy at a protected price until the average consumption. At the same time, with regard to food, as inflation comes down, the price caps will be introduced, similarly to bank loans, “where we also operate all kinds of protection mechanisms, which normally only cause disturbances,” he said.
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