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Food Price Cap: 1,000,000 Forint Fine for 10 Forint Overpricing

Júlia Tar 2022.02.24.

According to a statement by the Ministry of Innovation and Technology, there are rarely problems in Hungary with the observance of the food price cap. Last week, however, the first decision on a one million forint fine was made.

There have been examples of stores failing in several respects. Eleven fines have been imposed so far, with the first one million forint fine being paid by a rural shop in a supermarket chain because the price of crystal sugar on the shelf label was 10 forints higher than the required price.

Consumer inspectors visited 760 shops in the first three weeks of February. Seventeen shops did not provide the right quantities of the food products concerned. Nine sites were found to have failed to comply with the mandatory information requirements. Of the fifteen online shops checked, only one did not apply the official price. The overall objection rate remained at the same low level as the previous week, below 8%.

Food Price Cap: Sales of Affected Products Increased by 60-80%
Food Price Cap: Sales of Affected Products Increased by 60-80%

However, according to Portfolio, "it is not the appetite of households" for these products that has increased, but retailers may be behind it.Continue reading

Source: Telex

Featured image: Zoltán Balogh/MTI


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