Orbán said the cap would apply to 30 basic foods and remain in force until the end of May.
If a review determines that the measure is still necessary at that time, it will be continued, he added.
He said the government had held talks with supermarket chains to mitigate “unwarranted and exorbitant” price increases, but the retailers’ offers were “well short of our expectations”.
He noted that the price of eggs had climbed 40% and butter and sour cream prices were up more than 80%. “That’s unacceptable,” he said.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
