Hungarian National Trade Associationalso made a statement
The Hungarian National Trade Association opines that the mandatory promotions can’t solve the problems.
In contrast to price caps, these promotions represent a huge administrative burden for stores and distort the market. According to the general secretary, Katalin Neubauer, if the action is not organized and there is no cooperation between stores to increase stocks, it will only result in a reduction of prices, which will not solve inflation.
The official price did not have a positive effect on inflation in the last 15 months, the association believes. The intervention of state regulation in prices does not bring positive results from the point of view of the market economy, so they recommend that everything return to the old way of life. The trade covers costs through the margin, and if the prices are at a third price, the business becomes unviable.
The government extended the price caps until June 30 and made weekly promotions mandatory, but according to the association, these measures also do not solve the problem of inflation.
Related news
Katalin Neubauer: “Strong state intervention isn’t a good idea in the long run”
We asked Katalin Neubauer, secretary general of the Hungarian National…
Read more >Price Cap on 30 Essential Food Products: Government’s Strategy to Curb Inflation
The Hungarian government has announced another price control measure in…
Read more >The Hungarian National Trade Association takes action against food inflation
Without the cooperation of food manufacturing and supplying companies, the…
Read more >Related news
PwC E-toplist: The largest and most well-known online retailers
4 categories: largest, FMCG, Hungarian, best-known – PwC Hungary published…
Read more >Crisis Map 2024: The number of protracted crises has increased significantly
The MPRSZ registered and analyzed 450 crisis situations according to…
Read more >Hungarians are the most likely to tip food delivery people online
Tipping remains popular among Hungarians, and this is also evident…
Read more >