Hungary extends price caps on food, fuel till Oct
Budapest, June 17 - The Hungariand government has decided to extend the caps on fuel and staple food prices until October 1, Prime Minister Viktor Orban announced.
He said that the cap on retail mortgage interest rates, a measure introduced during the Covid-19 pandemic, will remain in place until December 31, reports Xinhua news agency.
On January 12, the government decided to freeze at their October 2021 level the prices of granulated sugar, wheat flour, sunflower oil, pork thighs, chicken breast and 2.8 per cent milk for the period between February 1 and May 1 as a measure to combat inflation.
It also fixed the price of petrol and diesel at 480 Hungarian forints ($1.27) per liter on November 15 last year, and then extended the price cap from February 15 for three months until mid-May.
Then, on April 27, the government decided to keep the measures in place until July 1.
Now this latest deadline has been extended.
According to official figures, the rate of inflation in Hungary was 10.7 per cent in April, well above the 3 per cent target set by the Hungarian National Bank (MNB).
The bank originally forecast a 7.5-9.8 per cent inflation rate for this year.
--IANS
ksk/
Please Share this article with your friends.
Sponsor
Related & Matched:
More from:International News
Not the first time that TTP commander 'Omar Khalid Khorasani' has been killed
Best two weeks of my life, Sharath Kamal describes his four-medal campaign in Birmingham
Congress to vote on healthcare, climate change as House takes up Senate bill Friday
Enterprise software vendor Twilio hacked in phishing attack
CWG 2022: With another solid display, Sharath Kamal wins singles gold; fourth at Birmingham
Former ISI chief Faiz Hameed transferred from Peshawar Corps to Bahawalpur
After death of Al Qaeda chief, top TTP commander, 3 others killed in Afghanistan
Abject surrender as Indian men's team loses 7-0 to Australia in hockey final (Ld)
Australia thrash Indian men's hockey team 7-0; clinch Commonwealth Games gold
Satwiksairaj Rankireddy, Chirag Shetty win gold medal in badminton men's doubles
Achanta Sharath Kamal wins gold, Sathiyan clinches bronze in men's singles table tennis
I played a bit more patiently, that gave me a lot of confidence: Lakshya Sen
'Games of Thrones' star Sean Bean says intimacy coordinators 'spoil the spontaneity'
Beyonce's 'Renaissance' tops Billboard 200 as 2022's biggest debut by a woman
Moeen, Narine, Lynn, Hetmyer, Hasaranga among big-ticket sign-ons for UAE's ILT20
China drills show Beijing doesn't need to invade Taiwan, rather it can strangle it
టెలిగ్రామ్ లో ఆంధ్రవిలాస్ వార్తల కోసం
Cinema Vaarthalu
Sponsor
