The major market trends forecast significant food price increase
The Advocacy Producer Associations expect a significant increase in the price of basic food. The chains can hold back price increase with cheap imports. The crisis tax also tends towards price increases, especially if the economy does not accelerate.
Acccording to the recent datas of the Central Statistical Office; the price increases of food pulled the inflation this year. While in October, the price level rose by 0.4 percentage points, compared to September, food prices increased by 1.5 percent. On an annual comparison: beside the 4.2 percent inflation food prices rose by 5.3 percent – reports fn.hu.
Related news
Related news
The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >KSH: industrial production fell by 7.2 percent in September
In September 2024, the volume of industrial production was 7.2…
Read more >