The Hungarian government said Wednesday that it has extended until the end of April 2023 the cap on food prices set at the height of the crisis in the wake of the Russian invasion of Ukraine.
The Hungarian Minister of Agriculture, Istvan Nagy, has indicated that the Government has proceeded to extend this measure due to the war and the growing inflation caused by the sanctions and the «failed measures» imposed from Brussels.
Thus, he regretted that due to the EU sanctions, «energy and food prices have risen to historic levels all over Europe», while he pointed out that the sanctions against the oil sector «only worsen the situation».
The government, however, remains committed to the families, so it has decided to «extend the price freeze», according to information from the newspaper ‘Magyar Hirlap’. Nagy also stressed that this system works because customers buy more products.
The minister also stressed that the government will continue to monitor the market situation while maintaining contact with the parties concerned and clarified that prices will be reviewed in the future, taking into account the situation and the needs of the population.
