In a statement issued after the government announced the measure on Tuesday, as part of efforts to keep food price inflation down, OKSZ said the cap could only be effective if it was applied to all actors in the food supply chain.
Competitive pricing preserves and strengthens consumer purchasing power and can help meet inflation targets, the association added.
OKSZ said it would weigh the impact of the measure after the relevant regulations were issued.
As the BBJ reported earlier, Prime Minister Viktor Orbán said the government would cap retailers’ profit margins on some staples at 10% from the middle of March.
Hungary’s consumer prices rose by more than 5% year-on-year in February, with food prices seeing a 7.1% annual increase.
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