Hungary Adds Eggs, Potatoes to List of Restricted Foods

Hungarian Prime Minister Gu Yas announced on the 9th that the government decided to include eggs and potatoes in the list of foods protected by price ceilings.

Guyash said at a press conference on the same day that the prices of potatoes and medium-sized eggs will not exceed the level of September 30.

According to data released by the Hungarian Central Statistical Office on the 9th, the prices of potatoes and eggs in Hungary have risen sharply in recent months. In October, the price of eggs rose by 87.9% year-on-year, and the price of potatoes rose by more than 50% year-on-year.

Hungarian Prime Minister Orban recently said that in order to make every effort to reduce inflation, the list of price-limited foods will be expanded. He emphasized the need to bring inflation down to single digits by the end of 2023.

According to the latest data released by the Hungarian government, the inflation rate in the country reached 21.1% in October. In addition to energy prices, soaring food prices are also one of the main factors for soaring inflation. Food prices rose by 40% year-on-year in October.

In order to reduce the burden on people's livelihood brought about by inflation, the Hungarian government stipulated the price ceiling of six basic foodstuffs including sugar and wheat flour in January this year. In addition, the Hungarian government has imposed price limits on vehicle fuel since November last year.