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Poland has also been hit by the fuel price shock, to which the government has responded with a price cap. Most countries in the region are attempting to ease the burden on consumers through direct state intervention in pricing.
Price rises in Central and Eastern Europe (CEE) countries were mostly above the Eurozone average of 4.9% in November, as inflation surged at the highest rate for 25 years, according to the latest data of the Organisation for Economic Cooperation and Development (OECD). Lithuania had CEE’s highest year-on-year
Hungary’s government is putting a cap on the price of petrol and diesel fuel whose prices have recently soared in the country in the midst of spiraling inflation. Fuel prices there are one-third higher than they were at the beginning of 2021, with the price of petrol having reached