Due to high inflation, Hungary is introducing a price brake for eggs and potatoes. Consumer prices for these foods will be frozen at September 30 levels, Chancellor Gergely Gulyas announced in Budapest on Wednesday. For some other foodstuffs such as sugar, cooking oil and chicken breast, a price brake has been in place in our neighboring country since February.
Prices for agricultural products, especially potatoes, had risen by an average of 50 percent in recent months and now another ceiling has been tightened in Budapest.
Maximum fuel price 1.20 euros
In addition, the government of Prime Minister Viktor Orban set the maximum price for petrol (Super 95 and diesel) a year ago at 480 forints (1.20 euros). The scheme now only applies to vehicles registered to private individuals in Germany.
Private households have been paying a fixed price for gas and electricity for more than eight years. Since August, the “additional housing cost brake” only applies up to an average consumption determined by the government. In October, Hungary’s annual inflation rate was 21 percent, the country’s Central Statistical Office said on Wednesday.
Moreover, Hungary itself sees the reason for inflation in the sanctions against Russia. Chancellery minister called “sanctions inflation” the biggest problem, so Hungary will not support the ninth EU sanctions package against Russia.
With regard to Hungary’s access to the Reconstruction Fund funds withheld due to the rule of law deficiencies criticized by the EU, Gulyás stressed that all of Brussels’ demands had been met. The minister called the Commission’s new concerns about the independence of the judges “unfounded”. But here too, the Union’s request to strengthen the powers of the National Council of Judges would be granted.
Source: Krone
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