Source: US News & World Report
“Hungary’s government will limit the profit margin for grocers on a number of basic food items, the prime minister said on Tuesday, a response to growing inflation hitting consumers in the Central European country. Prime Minister Viktor Orban said in a video on social media that commercial grocers must limit their markup to no more than 10% of wholesale price on 30 different food items, a policy that would be in effect from mid-March until the end of May, but could be extended. … Inflation data released Tuesday by Hungary’s statistical office showed an annual inflation rate of 5.6% for February, while food prices were up 7.1% on the year. By contrast, average inflation in the 20-member eurozone was 2.4% in February, according to the European Union’s statistical office Eurostat.” (03/11/25)