György Raskó: galloping food inflation will stop within weeks
According to agricultural economist György Raskó, galloping food inflation will stop, it’s only a matter of weeks. And the reason for this is precisely the high cost and the resulting drop in demand.
“There are more and more indications that the volume of food sales will drop very drastically in January, for Hungarian-owned convenience stores, this drop is over 20%, which is a huge drop. There is no greater tool to curb inflation”
– said the specialist in ATV Hírado.
György Raskó added that the current prices will also decrease, he expects a 15-20% decrease especially for dairy products around April-May.
Related news
K&H survey: large companies are expecting less and less profit
Large companies do not expect sales and profit growth this…
Read more >400 food items received price caps in Slovakia
Retailers are putting a price cap on more than 400…
Read more >Königin Trade Kft. from Orosház is carrying out a HUF two hundred and eighty million development.
Königin Trade Kft. from Orosház, which manufactures beekeeping equipment and…
Read more >Related news
No-washing-up day was announced for World Water Day
Unfortunately, we are increasingly feeling the effects of climate change…
Read more >Lidl is an official partner of UEFA EURO 2024
Lidl will be the global partner of the UEFA EURO…
Read more >Research: the elderly are more environmentally conscious when buying drugstore products
The Hungarian population is price sensitive, somewhat skeptical and not…
Read more >