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The government decree on the food price cap instituted by the Orbán government “in order to prevent the harmful effects of market anomalies,” was published in the Magyar Közlöny (“Hungarian Gazette”) on Friday evening.
For the time being, the price cap is in effect from February 1st to May 1st.
The prices of the food products affected cannot be higher than the gross retail selling price on October 15, 2021. Those who sold their products at a special price on October 15 will be charged the last non-discounted price.
The affected products are:
The decree also states that the trader must sell products marketed on October 15, 2021.
They also must sell at least the average daily volume for that day of the week in 2021. This means that shops cannot decide that they will not sell the price-capped products unless they did not sell them on October 15th either.
The National Food Chain Safety Office (NÉBIH) will monitor whether stores comply with the regulation. The fine can range from 50,000 (EUR 140) to 3,000,000 forints (EUR 8,400), and in case of repeated violations, the business can be closed for up to six months.
Source: 444, Magyar Közlöny
Featured image via Zoltán Balogh/MTI
