Hungary Announces Food Price Controls Amid Inflation Crisis

Inflation data released by Budapest’s statistical office showed an annual inflation rate of 5.6 percent for February.
Hungary Announces Food Price Controls Amid Inflation Crisis
Hungarian Prime Minister Viktor Orban at a meeting in Brussels on Jun. 23, 2022. Ludovic Marin/AFP via Getty Images
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Hungary’s government announced on Tuesday that it would cap profit margins on some basic food items in response to the growing inflation crisis.

Prime Minister Viktor Orban said in a Facebook video that commercial grocers must limit their markup on 30 different food items to no more than 10 percent of the wholesale price.
Guy Birchall
Guy Birchall
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Guy Birchall is a UK-based journalist covering a wide range of national stories with a particular interest in freedom of expression and social issues.