this post was submitted on 11 Mar 2025
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Author: JUSTIN SPIKE Associated Press, ABC News
Published on: 11/03/2025 | 12:29:27

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Prime Minister Viktor Orbán: commercial grocers must limit wholesale price to no more than 10%. He says the government will monitor grozers' compliance with the policy. Inflation data showed an annual inflation rate of 5.6% for February, while food prices were up 7.1% on the year. By contrast, average inflation in the 20-member eurozone was 2.4% in February. Extreme jumps in food prices have spurred previous government interventions in Hungary that included price caps on a number of food items as well as fuel at filling stations. But critics and economists argued sellers simply raised prices on other products to make up for shortfalls caused by price controls. The inflation numbers present a challenge for Orbán as Hungary's economy continues to struggle before a national election in 2026.

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