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.
Related news
Lázár-Ministry launches another wave of store closures
In Hungary, commercial investments have fallen by more than 10…
Read more >OKSZ on inflation: We don’t do this!
Compared to April, food prices rose by 0.6 percent in…
Read more >OKSZ commented on the latest data from the Central Statistical Office of Hungary (KSH)
Based on the turnover in food and food-type mixed retail…
Read more >Related news
Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to…
Read more >The Hungarian Product trademark gives companies a sense of community and customers reliable quality
Professional cooperation based on mutual benefits enables businesses to overcome…
Read more >Péter Szautner joins the Bonafarm Group
Péter Szautner continues his career as Deputy CEO and Group…
Read more >