According to the GVH president, it is not illegal for a store to raise the price of some of its products to compensate for the loss due to the price cap

Balázs Csaba Rigó spoke to Magyar Nemzet about how independent authorities also have a role to play in crisis situations. He believes that it is not illegal for a store to raise the price of some of its products to compensate for the loss caused by the distribution of price-capped goods, it is a different question whether it is ethical and fair.

“The introduction of price caps was the government’s response to a significant jump in inflation as an emergency situation. The purpose of the measure is clear, and the timing of its implementation – as we saw with fuels – certainly depends on market conditions. In other words, the step is temporary and fits into the international practice which designates the practical cornerstones of state intervention in various emergency situations. In such cases, a strong and capable state is needed, but in crisis situations, independent authorities also have a role to play.”

– said the GVH president.