Retailers Press for Phase-Out of Markups Cap in Hungary Due to Threat of 'Irreversible Damage'
- 30 Apr 2025 7:02 AM
Retailers' association OKSZ recommended the government phase out a cap on markups on a range of food products and argued that extending the measure to non-food products was unwarranted in a statement issued on Tuesday.
OKSZ said the impact of the markups cap on inflation was limited to the short term and warned that the measure could cause "irreversible damage" to the economy by putting retailers' operation at risk.
Extending the markups cap past the initial phase-out date and expanding the measure to non-food products "flies in the face of market logic", OKSZ said, adding that household products, mainly produced by multinationals, accounted for just 2-3pc of the consumer basket and had become dearer to a "minimal" degree in the past year.
Source:
MTI - The Hungarian News Agency, founded in 1881.
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