Supermarkets' Profit Margins on Key Staple Foods to Be Capped in Hungary
- 12 Mar 2025 7:30 AM
Prime Minister Viktor Orban said the government would cap retailers' profit margins on some staples at 10pc from the middle of March in a video message on social media.
Orban said the cap would apply to 30 basic foods and remain in force until the end of May. If a review determines that the measure is still necessary at that time, it will be continued, he added.
He said the government had held talks with supermarket chains to mitigate "unwarranted and exorbitant" price increases, but the retailers' offers were "well short of our expectations".
He noted that the price of eggs had climbed 40pc and butter and sour cream prices were up more than 80pc. "That's unacceptable," he said.
List of foods:
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Chicken breast fillet
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Chicken thigh
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Chicken back
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Chicken wings
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Whole chicken
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Turkey breast fillet
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UHT milk, 1.5% fat
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UHT milk, 2.8% fat
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ESL milk, 1.5% fat
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ESL milk, 2.8% fat
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Cooking oil
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Margarine
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Lard
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Butter
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All-purpose flour
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Pastry flour
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Late-harvest potatoes
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Granulated sugar
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Pork leg
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Pork loin
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Pork ribs
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Pork shoulder
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Eggs
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Sour cream
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Trappist cheese
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Cottage cheese
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Plain yogurt
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Fruit yogurt
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Garlic
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Bologna (Párizsi-style cold cut)
Source:
MTI - The Hungarian News Agency, founded in 1881.
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