The price cap often means a loss of HUF 300 per kilo or liter
Katalin Neubauer, secretary general of the Hungarian National Trade Association (MNKSZ), spoke to Index about the consequences of the price cap for traders.
“It is most noticeable in the case of sugar, oil, and chicken breast, where a store has a loss of HUF 200-300 per liter or kilogram – the purchase price is that much higher than the official price”
Katalin Neubauer explained to Index.
In the case of larger commercial chains, cheap imports mitigate the loss, but the owners of small shops are not affected by this.
He considers it welcome that a kind of price consolidation can already be observed in the case of dairy products, which saw an 80-90 percent increase in price. But even so, a loss of HUF 100 per liter is experienced. The price drop can be attributed to imported milk.
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