Green opposition party slams govt for “failed” inflation policy

The government’s policy aimed at reducing inflation through capping the price of some food products “has failed”, the co-leader of opposition LMP said on Friday.

Máté Kanász-Nagy noted that prices in January had been 7.9 percent higher than in the same month a year earlier, adding that the country had not seen such high inflation since 2007.

He also added that inflation in the food sector had been even higher, 10.1 percent.

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“The government has been unable to handle soaring prices. Its policy of capping prices, reminiscent of communist times, has failed,” he insisted.

The government’s measure of freezing the price of seven kinds of basic foods at the level of last October helps families save a mere 1,000 forints (€ 2.8) a month, Kanász-Nagy said, and insisted that

reducing the VAT on basic foods to 5 percent would leave a monthly 7,000 forints in each household.

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Source: MTI