The Hungarian government has implemented measures to protect Hungarian families and businesses against high inflation. As a result, the inflation data in recent months indicate a systematic, continuous, and visible decrease in inflation.

The price monitoring system will come into effect on 1 July, and is expected to contribute to pushing inflation back to single digits.

After reviewing the energy situation at the cabinet meeting on Wednesday, the government determined that all necessary resources are at its disposal to keep in place the utility cost reduction programme for households with average energy consumption.

To make the process of reducing inflation as strong and significant as possible, all possible tools must be used, they added. For this reason, in collaboration with the government, the Hungarian Competition Authority is establishing an online price monitoring system based on international examples, which contributes to increasing market competition and preventing overpricing.