Hungary has kept the prices of six basic food products at their levels since October 15, 2021. This was announced by Prime Minister Viktor Orbán today.
“Today we decided to intervene in the pricing of six main food products: white crystal sugar, wheat flour, sunflower oil, pork, chicken fillet and cow’s milk 2.8% fat. This means that the price of these six products must return to the level of October 15 last year. As of February, this should be the case in all stores, “Orban said in a video message.
GERB wants urgent and adequate measures to curb inflation
The government is resorting to such measures to protect the interests of citizens in the face of rising prices for basic products caused by the energy crisis in Europe. According to Orbán, Hungary has already curbed the rise in petrol prices and is pursuing a policy of reducing utility bills.
Financier: Do not keep your money in banks, inflation eats them
The significant rise in gas prices in Europe began in April-May, when the average spot price fluctuated in the range of $ 250-300 per 1,000 cubic meters. In the last days of summer, the value of futures exceeded $ 600, and in early October crossed the $ 1,000 threshold. On October 6, it reached the highest peak in the futures market of all time – over $ 2,000 per thousand cubic meters.
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