Food Markups Cap Reduces Prices in Hungary by 18%
- 16 Apr 2025 6:49 AM
A government-mandated cap on markups on staples has reduced prices on a range of food products at big supermarket chains by 18.6pc, on average, a state secretary at the Culture and Innovation Ministry said on public radio.
Robert Zsigo said the 10pc markup cap had reduced prices of 872 products since its rollout four weeks earlier.
He added that the prices of 21 products had fallen by more than 50pc, while the prices of 103 products had dropped at least 40pc.
Zsigo said that 416 shops had been checked for compliance, so far, and no violations had been found.
Source:
MTI - The Hungarian News Agency, founded in 1881.
*********************************
You're very welcome to comment, discuss and enjoy more stories via our Facebook page:
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary
You can subscribe to our newsletter here: XpatLoop.com/Newsletters
Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here.
LATEST NEWS IN shopping