The Hungarian government has decided to extend mandatory caps on a range of food and non-food products by three months until the end of May, the Ministry of National Economy said in a statement. The government rolled out a 10% cap on markups for the food products and a 15% cap on the non-food products […]

The Hungarian retailers association OKSZ pressed for a mandatory cap on markups of food products to be phased out in a statement issued on Monday and sent to MTI. OKSZ chief secretary Tamás Kozák said there was "no reason" for maintaining the 10% cap in force for a range of food products. He added that […]

In December 2022, the volume of sales in retail trade decreased by 4.8% according to raw data and by 3.9% when adjusted for calendar effects compared to the same period of the previous year. In December, calendar-adjusted sales volumes decreased by 8.3% in specialised and non-specialised food shops and by 0.4% in non-food retailing and […]

The food price freeze in Hungary could be maintained until next April, according to the financial website portfolio.hu. Several sources say that the price freeze, which currently runs until December, would not be lifted at the end of the year, but would be maintained at least until Easter. According to sources to Portfolio, the issue […]