Hungarian government struggles to curb rising food prices

In a recent announcement, Viktor Orbán said that new price stops would be introduced. Although we do not know what items will be included in this, we can make educated guesses. No matter what the government does, it seems to tackle the cost of living crisis. However, it is doubtful that food prices will reach normal levels any time soon.

From the report of Magyarhirlap.hu a government-friendly newspaper, we might be able to guess which items’ prices will be re-evaluated. From the analyses of the statistics, we can see that there are a few basic items that had seen huge price increases. Bread, cheese, butter, sour cream, buns, meat, rice, pasta and eggs have been subject to the greatest price hikes in the past year. Albeit, not a basic necessity, coffee became a lot more pricey as well. Even if it is not a necessity, for many Hungarians it is a very important thing to have in their kitchen cabinets. The items receiving a new, fixed price will be very likely selected from this list above.

Unstoppable inflation

According to VG.hu the end of the price increases is not yet here. Except for the food items that are included in the price stops, every single food article had seen an incredible rise in prices. The introduction of new fixed prices will certainly drive up the cost of other items. This is because retailers try to make up for the loss by raising the prices of items that are not part of the government’s policy.