Food Price Caps in Hungary To Be Dropped On Aug 1st

  • 23 Jun 2023 9:42 AM
  • Hungary Matters
Food Price Caps in Hungary To Be Dropped On Aug 1st
The government has decided to maintain the current cap on the price of some food products until August 1, the head of the Prime Minister's Office has said.

Gergely Gulyás cited forecasts saying inflation could fall to 15% in August, adding that the tendency would further accelerate in the autumn.

At a government press briefing, Gulyás also announced that discounts on certain products supermarkets have been obliged to apply would increase from 10% to 15%, adding that the products whose prices had so far been controlled would be included in the programme.

He said the price caps had proven an effective measure against inflation, adding that the government’s goal to reduce inflation below 10% before the end of the year was realistic.

Meanwhile, he said the government wants to encourage women to have children as early as possible by offering the prenatal baby support loans and from Jan. 1, 2024, only couples where the wife is under 30 will be eligible for the subsidy, he said.

A transitional period will apply between January 2024 and Jan. 1, 2025 when women between the age of 30 and 40 will be eligible for it. The maximum sum of the loan will be increased to 11 million forints (EUR 29,700) from the current 10 million, he said.

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Prices of 61 Food Products to Be Monitored in Hungary

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