The government is expected to extend the price freeze by 3 months
If the government is waiting for inflation to drop appreciably, it will only happen in the second half of the year. Therefore, it is not out of the question that the price restrictions will be extended for another three months, so in total for half a year – Zoltán Török, Raiffeisen Bank’s chief analyst, told Világgazdaság.
Based on the government’s statements, there is an increasing chance that the cabinet will postpone the price cap on food by another three months, the current deadline of which is April 30, 2023.
Gergely Gulyás, the minister in charge of the Prime Minister’s Office, said in response to last week’s government information journalist’s question that the cabinet will maintain the measures that serve to moderate the rise in prices, so the price caps will remain in place until inflation drops noticeably.
Related news
Despite economic recovery, the number of insolvencies has increased in the Central and Eastern European region
The annual insolvency report for Central and Eastern Europe (CEE)…
Read more >Annual inflation slowed in the euro area and the EU in May
Annual inflation slowed in both the eurozone and the European…
Read more >K&H: Hungarian economy could grow by 2.5-3 percent next year
Based on the current, uncertain outlook, after the 0.5 percent…
Read more >Related news
GKI Analysis: The GKI business climate index remained unchanged in June, but companies’ inflation expectations decreased further
According to a survey by GKI Economic Research Ltd. –…
Read more >An unusual competition could create the shopping experience of the future
Registration is now open for Hungary’s first shopping mall hackathon.…
Read more >Croatian real estate fever subsides: investors are looking for new targets
The Croatian coast has been unwaveringly popular among Czech holiday…
Read more >