Published by Global Banking & Finance Review®
Posted on February 5, 2026
1 min readLast updated: February 5, 2026
Add as preferred source on GoogleHungary is considering extending price controls on food and drugs to curb inflation, despite European Commission's criticism, ahead of April elections.
BUDAPEST, Feb 5 (Reuters) - Hungary's government will decide on whether to extend price margin restrictions on food and drugstore products soon, Prime Minister Viktor Orban's chief of staff said on Thursday, adding there were more arguments for the extension of the measures.
Orban's government has extended its price controls until the end of February as part of efforts to curb inflation, ahead of elections due on April 12.
In December, the European Commission called on Hungary to scrap a limit set on retail price margins on food products and drugstore articles levied on non-Hungarian retailers, or risk legal action.
(Reporting by Krisztina Than)
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is often measured by the Consumer Price Index (CPI).
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, upholding treaties, and managing the EU's day-to-day operations.
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