Government to Abolish Price Caps Starting August, Introduces New Measures to Help Young Couples Start a Family

Minister Gulyás announced that the maximum amount of the childbirth incentive loan (Babaváró hitel) will increase to 11 million forints. This change will come into effect in 2024 and will apply to couples where the woman is under 30 years old. also announced that the food price caps will be extended for one more month, but they will be phased out as of August as they have fulfilled their purpose. Forecasts indicate that inflation is decreasing. At the same time, food retailers mandatory discounts will be increased from 10 to 15 per cent.