The Hungarian store chains united: they challenged the price cap at the Constitutional Court
The multinational chain stores requested the Constitutional Court to annul the decree on the food price freeze. According to their complaint, there was not enough time to determine the prices of the products affected by the measure, the Pénzcentrum wrote.
Domestic store chains challenged the food price freeze at the Constitutional Court. In their joint constitutional complaint, the multinational food chains request that the government decrees fixing the official prices of the six basic foods be found to be unconstitutional, and that they be annulled retroactively to their promulgation.
The petitioners distributed 70-140 products within the official price product groups on October 15, 2021. Traders were given a total of two weeks to determine the price level of the products on October 15, 2021. According to the complaint, the legislator did not take into account how much work the transition would entail for companies with the largest commercial turnover within the product groups defined in the regulation.
Related news
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 >Why was the price stop brought up again?
In his year-end speech, Prime Minister Viktor Orbán once again…
Read more >Price caps are back on the agenda: What could this mean for customers and stores?
The announcement by the Minister of National Economy, Márton Nagy,…
Read more >Related news
Euromonitor International 2025: everything for your pet!
The global pet care market is expected to reach the…
Read more >Two from three consumers expect a better shopping experience
According to The State of Customer Experience report of Genesys,…
Read more >IDEAAL™: the revolutionary superprotein – a competitive protein product from Hungary
A joint research and development project, three players, a special…
Read more >