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Reuters
Reuters
Business

Hungary's Orban says he hopes inflation will dip below 6% by year-end

Hungarian Prime Minister Viktor Orban speaks during a business conference in Budapest, Hungary, February 19, 2022. REUTERS/Bernadett Szabo

Hungary's government hopes inflation will ease back to below 6% by the end of 2022 after hitting a near 15-year high of 7.9% at the start of the year, Prime Minister Viktor Orban said on Saturday.

Orban, who faces a closely fought election on April 3, added that his government would phase out price caps on fuel, some basic foods and mortgages once inflation starts slowing. Retail energy prices caps will remain in place, he said.

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