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International Business Times
International Business Times
Business

Orban's Food Price Cap Takes Aim At Foreign Retailers In Hungary

Hungary has the highest inflation in the European Union (Credit: AFP)

Seeking to tame public anger over soaring inflation, Hungarian Prime Minister Viktor Orban has imposed price controls on basic food items sold in supermarkets, renewing his fight against multinational companies.

Economists say the measure may bring short-term relief to consumers, but it provides little help to many in rural areas who live far from bigger towns where large retailers are located.

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