OKSZ chief secretary Tamas Kozak said there was “no reason” for maintaining the 10% cap in force for a range of food products.
He added that National Economy Minister Márton Nagy had earlier suggested the cap could be phased out when food price inflation fell under 5%.
He noted that food prices, excluding the price of eating out, had risen by under 5% since March, while overall food prices had reached 4.7% in September.
Kozák warned that the measure would contribute to the increasing number of shop closures.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
