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
The annual growth rate of food, alcoholic beverages and tobacco prices slowed to 2.6 percent in March in the eurozone
In accordance with the preliminary estimate, the annual inflation in…
Read more >The quarterly income of the world’s largest luxury goods manufacturer, LVMH, decreased
The revenue of LVMH Moet Hennessy Louis Vuitton SA, the…
Read more >British inflation is at a two-and-a-half-year low
The pace of annual British inflation slowed to a two-and-a-half-year…
Read more >Related news
Twenty years in the EU: how has Hungarian consumption changed?
On 1 May 2004 ten new member states joined the…
Read more >Carefree consumers? Considerable differences in the middle-aged camp
Although inflation receded, the income of middle-aged people did not…
Read more >18+! Will cola be next after the energy drink?
According to the new regulations coming into force in Hungary,…
Read more >