Hungary's government will limit the profit margin for grocers on a number of basic food items, the prime minister said on Tuesday, a response to growing inflation hitting consumers in the Central European country.
Prime Minister Viktor Orbán said in a video on social media that commercial grocers must limit their markup to no more than 10% of wholesale price on 30 different food items, a policy that would be in effect from mid-March until the end of May, but could be extended.
He said that the government would monitor grocers' compliance with the policy, but didn't specify which foods would be included in the requirement.
