The Hungarian government decided to keep preferential prices for basic products until April 30

Published 2022년 12월 14일

Tridge summary

The Hungarian government has extended its price ceiling on basic foodstuffs until April 30, 2023, in response to EU sanctions and inflation. The ceiling includes eggs, potatoes, sugar, wheat flour, sunflower oil, and chicken meat. This measure is part of the government's efforts to support the poor and address the impact of rising energy and food prices. Despite this, Hungarian grocery stores have experienced temporary shortages of certain goods. The government will monitor trading companies to ensure stable prices for other food products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Hungarian government has decided to keep the ceiling on prices for basic foodstuffs until April 30 to support the poor in the face of ongoing EU sanctions and rising inflation. This was announced on Wednesday by the Minister of Agricultural Development of Hungary Istvan Nagy. “Due to the protracted war in Ukraine and sanctions inflation caused by the unsuccessful measures of Brussels, the government extended the freeze on food prices until the end of April next year,” the head of the Ministry of Agriculture said in a statement. According to him, "the erroneous sanctions of Brussels led to the fact that energy prices and, accordingly, food prices reached historical highs throughout Europe, and oil sanctions further exacerbated the situation." The Hungarian government remains committed to supporting families and will continue to freeze food prices, Nagy stressed. Fixed prices for some food products (eggs, potatoes, sugar, wheat flour, sunflower oil and chicken meat) have been in ...
Source: Kvedomosti

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