What steps has Hungarian Prime Minister Viktor Orbán taken to address the issue of high inflation?

Hungarian Prime Minister Viktor Orbán has been addressing the challenge of high inflation by implementing measures such as price caps and mandatory price reductions, particularly targeting foreign companies that he believes are responsible for driving up prices.

He has characterized these measures as "using force against price speculator multinationals." Despite these efforts, Hungary continues to have the highest inflation rate in Europe. Orbán is determined to continue the battle against inflation until it reaches 5% by next year, while also aiming for an economic rebound.

As of July, inflation had fallen to 17.6%, marking the first time in nearly a year that it dropped below an annual 20%. Additionally, the country is experiencing negative growth, making it Hungary's longest recession in decades.

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