OKSZ: the margin stop has achieved the desired effect, it can be exited
The average basket value of the foods affected by the margin freeze has clearly decreased compared to the period before the regulation came into force. At the same time, the decrease in the basket value of the products found in the online price monitor shows that the losses suffered due to the margin freeze have not been passed on further. Within basic foodstuffs, for example, the price of eggs has decreased by nearly 30 percent, that of fine wheat flour by over 20 percent, and that of milk by 15 percent.
In the event of any legislative intention to expand the scope of the affected products, the OKSZ intends to use the opportunity for prior professional consultation. The food retail companies affected by the National Trade Association are partners in implementing the government’s inflation-fighting economic policy, but in order to avoid further losses, they expect the regulation regulating the margin limit to be eliminated by the end of May. Since the reason for introducing the margin stop was high inflation, which is now on a downward trajectory, we trust that the elimination will take place as soon as possible, as its adverse effects accumulate over time in the business operations of retailers and suppliers. It is also in the interest of Hungarian consumers that retailers serve them at a high standard and at a good price.
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