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  • Faced with record inflation in Hungary, Orban extends the food price freeze
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Faced with record inflation in Hungary, Orban extends the food price freeze

Oliver Adey 16 December 2022 1 min read


Victor Orban. BERNADETT SZABO/REUTERS

The rate reached 22.5% in November, one of the highest in Europe.

Budapest

Faced with the persistent surge in prices, the Hungarian government has just taken the decision: the blocking of the prices of milk, flour, oil, eggs or even potatoes has been extended until April 30.

With an inflation rate of 22.5% in November, even worse than in October (21.1%), Hungary is now experiencing the highest price increase in the European Union, apart from Lithuania.

Such a level has not been reached since the 1990s, when the Central European country was gaining a foothold in capitalism and recorded inflation rates of around 40% (with a record of 38.6% in June 1991) . But even during these difficult years, inflation had never been so strong on food: + 43.8% measured in November by the Bureau of Statistics (KSH), which details: eggs (+ 102.9% ), bread (+81.8%), dairy products (+79%), butter (+77.3%), pasta (+70.8%)… “Enjoy it today, tomorrow everything will be more expensive!”attach…

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Tags: extends Faced food freeze Hungary Inflation Orban Price record

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