Orbán Cabinet’s Price Margin Caps Lead to Lower Prices
Government-mandated price margin cap reduces food prices at supermaket chains by almost 20%
A recent report from the Culture and Innovation Ministry has shown that a government-mandated price margin cap has successfully reduced prices on a variety of food products at major supermarket chains by 18.7%, on average. State Secretary Róbert Zsigó announced the news on social media, highlighting that the 10% markup cap has led to price reductions on 887 products in just five weeks.
Zsigó also shared that prices of 214 products have dropped by at least one-third, showcasing the significant impact of the price margin cap. Over 500 shops have been checked for compliance so far, with ongoing probes at 132 locations to ensure the regulations are being followed.
Consumers are encouraged to take advantage of the lowered prices and find out more about the effects of the price margin cap on their favorite products. The government’s initiative aims to make essential goods more affordable for the public while promoting fair pricing practices at supermarkets.
For more information on the price margin cap and its impact, visit the Ministry of Culture and Innovation’s website. Stay informed about the latest developments in food pricing and support the efforts to create a more transparent and affordable shopping experience for all.
