In Wednesday’s Government Information briefing, the Hungarian government announced that eggs and potatoes would be joining the range of food products set at an officially-determined price. This means that stores will be required to sell these products at whatever their full retail price was on September 30.
However, trade groups informed the government shortly after the announcement that stores would need more transition time to properly implement the regulation, which allowed the rest of the week to be designated as a grace period for grocery stores to make the necessary adjustments. While shops have been obliged to sell products at officially-set prices since the announcement, the consumer protection authority will only sanction violations of the new rules starting on Monday, November 14.
To comply with the government’s rules, Hungary’s grocery stores have to replace price tags on the various types of eggs and potatoes, adjust their online cash registers, and also have to display official signage of the officially-set prices in their stores.
In January, the government decreed that six products, namely crystal sugar, wheat flour, chicken breast fillet, sunflower cooking oil, pork leg, and regular 2.8% UHT cow’s milk, would have to be sold in every store at the exact prices that these products cost in each given store on October 15, 2021.
Businesses that violated the provisions of the earlier decree could be fined up to 3 million Ft. ($7,650), while stores with repeated violations could be forced to close their doors for periods ranging from a day up to six months, it was reported at the time. [Magyar Hang]