Why Restaurants in Hungary May Raise Prices by 15%

  • 13 Apr 2022 11:08 AM
  • Hungary Around the Clock
Why Restaurants in Hungary May Raise Prices by 15%
Due to rising energy prices, growing wage demands and the significant increase in produce prices, restaurants may have to increase their prices by a further 15%, after raising them by 10-15% in the first quarter, co-president András Gendur of the hotel and restaurant association Mszész told Portfolio.

The previous price increase was in response to rising costs last year but owners face now soaring energy prices, he observed.

In addition, employees are demanding 30% pay increases, on average.

Flour and cooking oil are becoming more expensive, but are still available, Gendur said, whereas there are reports of quantity restrictions in some places in Western Europe because the Russian-Ukrainian war is expected to lead to a significant shortage of grain.

Not everyone in the logistics chain has survived, he added, and fuel costs could rise further if the price cap is removed.

Another area of concern is staffing, as the start of the season at Lake Balaton will exacerbate the labour shortage in Budapest, Gendur warned.

Some hotels and restaurants are already considering hiring Filipino, Indonesian, or Vietnamese workers, he added.

This will also require preparing Hungarian workers for the fact that sooner or later Hungarian will not be the only working language, said Gendur.

This will not be a problem for workers returning home from work in a diverse environment, he continued, but it may be a source of tension for workers who have only socialised in a Hungarian environment.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

  • Top 7 +1 Budapest Street Food Spots - Speedy Snacks for Under HUF 2,000

    Top 7 +1 Budapest Street Food Spots - Speedy Snacks for Under HUF 2,000

    • 7 Sep 2023 1:59 PM

    Current food prices are well above tolerance levels reports WeLoveBudapest.com, but if you don't want to dig deep into your pockets, read on. Whenever you are in the mood for a quick lunch, snack, or even dinner, you can count on these speedy but tasty and filling street food venues, including specialities for HUF 2,000 and less.

  • 7 Top Tips for Budapest Wine Festival

    7 Top Tips for Budapest Wine Festival

    • 10 Aug 2023 5:46 PM

    The 32nd edition of the annual open air grandiose wine event is coming closer – first tip is that discounted tickets are available until 20th August. In this article HungarianWines.eu recommend 7 exhibitors well worth tasting from different wine regions of Hungary.