Gov't Rolls Back More Food Prices 

Government

The government has decided to cap the price of eggs and potatoes in shops at September 30 levels, Gergely Gulyás, the head of the Prime Minister's Office, said at a weekly press briefing on Wednesday.

In February, the government rolled back prices for a number of staples, including pork, cooking oil, and flour, to earlier levels in an effort to dampen inflation. Prime Minister Viktor Orbán said late in October that the government would expand the price caps.

Fielding questions, Gulyás said the measure would reduce the price of eggs by around 25% and the price of potatoes by about 10%, shaving 0.1-0.2 percentage points off headline inflation.

The egg price regulation will apply to eggs of all sizes.

Gulyás said a windfall tax on power companies that provide balancing services - evening out differences between supply and demand - will ensure that network usage fees don't rise for households. The tax will raise HUF 40 bln in budget revenue both in 2022 and 2023, he added.

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