Forwarded from Ice Age Farmer
Hungary puts price caps on staple food items to “fight inflation” (because price controls are so good at … causing shortages!) ahead of election.
Hungarian Prime Minister Viktor Orban said his government has ordered a cap on the cost of six basic food items to help temper the impact of spiraling inflation as the nation prepares for its most closely contested election in more than a decade. The price of sugar, flour, sunflower oil, chicken breast, pork leg and milk with a fat content of 2.8% must be sold at Oct. 15 price levels in all stores starting next month.
#FoodPrices #Hungary
https://www.bloombergquint.com/business/orban-caps-staple-food-prices-to-fight-inflation-ahead-of-vote
Hungarian Prime Minister Viktor Orban said his government has ordered a cap on the cost of six basic food items to help temper the impact of spiraling inflation as the nation prepares for its most closely contested election in more than a decade. The price of sugar, flour, sunflower oil, chicken breast, pork leg and milk with a fat content of 2.8% must be sold at Oct. 15 price levels in all stores starting next month.
#FoodPrices #Hungary
https://www.bloombergquint.com/business/orban-caps-staple-food-prices-to-fight-inflation-ahead-of-vote
BQ Prime
Orban Caps Staple Food Prices to Fight Inflation Ahead of Vote