A significant food price increase may come
Despite the VAT cuts, a price increase of more than 10 percent is likely to occur in food prices – penzcentrum.hu wrote. The rise is due to the rise in energy prices and wages, but feed prices also increased this year.
There is a price increase of 10 to 12 percent on pigs and poultry meat, bread, milk and dairy products, on average – Népszava wrote. UHT and ESL milk do not cost much more because it will go under 5 percent VAT from January 2019. (penzcentrum.hu)
Related news
HÖOK: the purchasing power of scholarships has halved in four years
Although wages have started to increase, student benefits have not…
Read more >Food and non-alcoholic beverage price increases continue to accelerate in Austria
In Austria, the annual rate of consumer price inflation slowed…
Read more >Gergely Suppan: the margin freeze has caused prices to drop by as much as 40-50 percent for many foods
The price reduction for many food products has reached as…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >The Hungarian Food Bank Association is organizing a record-sized food collection on Friday and Saturday
At the Friday and Saturday fundraiser organized by the Hungarian…
Read more >Ice cream ferry and battle of Balaton flavors – the Balaton Fagyija election is coming
On May 9th, not only will the ferry between Tihany…
Read more >