Hungary Extends Price Controls on Food and Household Goods Until August 31

Budapest, Hungary – The Hungarian government has announced an extension to its price control measures on essential goods, aiming to mitigate the impact of inflation on consumers. The initiative, detailed in a recent video address by Minister Gergely Gulyás, will continue price cuts on food and household items until August 31, 2025. "This is a crucial tool in our fight against unjustified price increases," stated Gulyás, emphasizing the government's commitment to protecting citizens' purchasing power. The government's decision underscores the ongoing economic challenges faced by Hungary, where inflation remains a significant concern. The extension of price controls is expected to provide relief to households struggling with rising living costs. Consumer protection agencies will play a key role in monitoring compliance and ensuring the effectiveness of the measure. The government's proactive approach demonstrates its determination to address the economic difficulties and safeguard the well-being of its citizens.