Taxi fares in Budapest will increase starting August 1st. The price hike affects all taxi journeys within the city. Details regarding the exact fare increases are available via Daily News Hungary. This change will impact both residents and tourists relying on taxi services. No specific amount of the increase is provided in this initial report, directing readers to the source for detailed pricing information. The adjustment aims to address operational costs and potentially improve service standards, though this is not explicitly stated. Passengers are advised to factor in the higher costs when planning travel within Budapest.