József Septe said that producers will probably negotiate with shops before the end of August, and higher prices will be introduced as early as next month. He added that a price hike cannot be delayed any longer.

The price of flour could increase by up to 30% due to a bad harvest this year, and the weakening of the forint has also made imported ingredients more expensive, the expert said. He added that without a price hike several hundred bakeries could go bankrupt nationwide.

Source www.hungarymatters.hu

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