In a statement issued on Tuesday, OKSZ said the impact of the markups cap on inflation was limited to the short term.
They warned that the measure could cause “irreversible damage” to the economy by putting retailers’ operations at risk.
Extending the markups cap past the initial phase-out date and expanding the measure to non-food products “flies in the face of market logic”, OKSZ said.
The association also argued that household products, mainly produced by multinationals, accounted for just 2-3% of the consumer basket and had become dearer to a “minimal” degree in the past year.
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