Hungary Extends Food Price Caps and Forces Grocery Chains to Offer Mandatory Discounts

2023. április 26.

bne IntelliNews

Foreign retailers in Hungary, already reeling from a windfall tax, price caps and compulsory stocking of these products, are assessing the impact of the Hungarian government’s latest unorthodox, anti-market measure obliging them to offer price discounts.

The government will oblige major grocery chains to offer price discounts, government spokesperson Alexandra Szentkiralyi said at a regular press briefing on April 20.

"The improvement in the inflation data was already visible thanks to the government's measures, but the cabinet decided to introduce a new tool based on Greek and French examples, classifying basic foodstuffs into 20 categories such as poultry, cheese, bread, baked goods, vegetables, fruit, and cold cuts, from July 1 at the latest", she added.