Hungary is struggling with record inflation. Mandatory shares introduced

Hungarian Economic Development Minister Marton Nagy said that mandatory promotions have started in Hungarian grocery stores since Thursday. They are aimed at limiting the rise in food prices. — Sellers are required to inform buyers about the products covered by the promotion, and the consumer protection authority will monitor its implementation — said the head of the Ministry of Economic Development.

Hungary is fighting inflation. Not only promotions in the store

Discounts apply to products in 20 categories. This includes, among other things, poultry meat, milk, cream, cheese, bread or fresh fruits and vegetables. The new rules apply to retailers with a turnover of more than 1 billion HUF (approximately PLN 12.2 million).

In order to combat high inflation, the Hungarian government plans to introduce an online price monitoring system from July.

Recall that since November last year, Hungary has been the notorious leader among the EU countries with the highest inflation. The latest data from Eurostat show that it was 24.5% in April compared to 25.6% in April. in March. Although inflation is slowing down a bit, Budapest is still the clear leader in the rankings. In second place, Latvia recorded 15 percent in April, slightly ahead of the Czech Republic (14.3 percent). Just behind the podium was Poland with 14 percent. (in March it was 15.2%). Recall that the preliminary data of the Central Statistical Bureau (CSB) indicate that inflation in May amounted to 13 percent in our country.

Meanwhile, the Hungarian government, as stated by Prime Minister Viktor Orban, intends to reduce inflation to single digits. Readings at this level should take place at the end of this year.