Speaking a day after the measure came into effect, Nagy noted that the cap, rolled out to bring down food price inflation, applied to around 1,000 products in 30 categories.
The scale of the resulting price reduction exceeded the government’s expectations, he added. He claimed that the prices of some of the dairy products under the cap, such as milk, yogurt, sour cream, and cottage cheese, had dropped by more than 50%.
Nagy warned that the government would apply regulatory measures to suppliers, too, if they didn’t fix their prices voluntarily.
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