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Authorities Fine Retailers Over HUF 1 bln

Retail

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Authorities have fined retailers more than HUF 1 billion for violating rules on price caps, government spokesperson Alexandra Szentkirályi said on Friday, writes hvg.hu.

The government had capped prices for several staples, including pork, cooking oil and flour, in an effort to dampen inflation.

Since the measure was rolled out, 7,218 probes have been conducted and violations were uncovered in 1,242 cases, Deputy State Secretary for Consumer Protection Nóra Kupecki said.

Fines were levied in 1,042 instances, she added. Probes of shops are continuing, Szentkirályi noted. "The government will not allow businesses to profit unfairly from families," she added.

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