Government Decree to Extend Markup Caps

The Hungarian government will extend mandatory caps on a range of food and non-food products until February 28, 2026 in a decree published late on Thursday in the latest issue of the official gazette Magyar Közlöny, the National Economy Ministry told MTI in a statement.

The markups cap is also being extended to cover 14 additional products, such as pork liver, spreadable cheese, baby food, apples, pears and cabbage, from December 1.

The government rolled out a 10% cap on markups for the food products and a 15% cap on the non-food products in the spring. The measure was set to expire at the end of November.

The ministry said on Thursday that the measures have resulted in a sustained and significant price reduction for the affected products in drug stores by more than 27% and in food shops by 20%. However, experts point out that merchants have - at the same time - increased the price of other products to mitigate their revenue losses.