André Palóc, the spokesman for the National Economy Ministry, said in a video message that the 10pc cap on markups on some food products at supermarkets in force from Monday has reduced prices by 10pc to 30pc or even as much as 40pc.

Demonstrating the impact of the government measure to bring down food price inflation, Palóc showed the price of a litre of milk had dropped from HUF 639 to HUF 372, while the price of a container of sour cream had dropped from HUF 959 to HUF 433 and the price of ten medium-sized eggs was reduced from HUF 1,019 to HUF 973.

"The measure is working, with price differences tangible on the first day already," he added.