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New Action Plan to Bring Down Inflation in Hungary - Especially Food Prices

• 28 Feb 2025 4:59 PM

The government is drawing up a complex action plan to bring down inflation, especially food prices, Gergely Gulyas, the head of the Prime Minister's Office, said at a weekly press briefing.

National Economy Minister Marton Nagy gave an assessment of the economic situation and outlined the most effective measures against inflation at a cabinet meeting on Wednesday, Gulyas said.

The action plan involves the introduction of market protection measures and profit caps as well as cutting red tape, he said. If the measures fail to produce results in March, the government will introduce regulated prices, he added.

He said regulated prices were a "last resort" but would be introduced if necessary.

He noted that Nagy had held talks with industry insiders to address "excessive" price increases that showed up in January data.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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