Markups cap on a range of food products has been in place since March 17, helping reduce the prices of over 900 different products by 19pc on average, the ministry said.
Monday’s expansion of the markup cap will last until the end of summer and apply to product groups such as laundry detergents, washing-up liquids, paper tissues and shower gels.
The measure applies to drugstores that sell more than 40% of household goods, such as DM, Rossmann, Müller, Douglas, Azur, Estee Lauder and Yves Rocher stores. Stores where both food and non-food products are available are not directly affected by the regulation.
The government aims to support economic growth by lowering prices and increasing consumption, the ministry said.
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.
