The government rolled out a 10pc cap on markups for the food products and a 15pc cap on the non-food products in the spring. The measure was set to expire on August 31.

Gulyas said "unjustified" price increases had no place on the "normal" market. He added that the ten food products with the biggest weights in the consumer basket affected by the measure would be 35pc dearer without the markups cap.

Gulyas said the government was compelled to discuss the attacks on the Druzhba crude pipeline at the cabinet meeting on Thursday.

He added that the prime minister and the foreign minister had said their "firm warning" to Ukraine was to stop endangering the security of Hungary's energy supply and to cease attacks on Hungary's energy delivery route.

The government also expects Brussels to weigh in on the matter, he said.
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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