Gov't extends food, fuel price caps till July 1
Photo by Astashov Yevhenii / Shutterstock.com
The cabinet decided on Wednesday to extend price caps for vehicle fuel and some staple foods until July 1, Prime Minister Viktor Orbán said in a post on Facebook, according to a report by state news wire MTI.
The food price caps, set at levels in shops on October 15, were applied to granulated sugar, BL 55 flour, refined sunflower seed oil, pork leg, chicken breast and back, and UHT cow's milk with 2.8% fat content from February 1 for a period of three months.
The HUF 480/liter cap on petrol and diesel prices was introduced on November 15 and was set to expire on May 15.
The food price caps shaved a full percentage point off headline inflation in March, while the fuel price cap cut CPI by 1.5 percentage points, Gergely Gulyás, the head of the Prime Minister's Office, said a week earlier.
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