OKSZ on the extension of the margin stop decree

The margin restriction is only suitable for superficial and short-term treatment because it does not take into account price increase efforts from suppliers, the characteristics of the market environment, efficiency problems at the supply chain level, and the demand and price-increasing effect of income flowing out before the election. In this form, the margin stop is unsuitable for treating price increases, only healthy competition can do this. The profitability of food and daily necessities retailers continues to deteriorate, investments are delayed, the decrease in store closures does not stop, and consumers are the ones who suffer the consequences.

In contrast, the conditions set by the Minister of National Economy for the elimination of the margin cap have long been met; according to today’s data from the Central Statistical Office, food inflation is -2 percent.