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HUNGARY: Economy Minister Expects Food Retail Margin Limit to Cut CPI by 1ppt

HUNGARY
  • Economy Minister Marton Nagy estimates that the basic food retail margin may limit inflation by up to 1ppt and food inflation by up to 2ppts, he said in a video posted on Facebook. He did not provide timing for when the expected effect will take place. As a reminder, the food retail margin limit of 10% will start March 17, affecting 30 basic food categories.
  • Cabinet Minister Gergely Gulyas will hold a briefing following a weekly government meeting at 09:00GMT/10:00CET. Meanwhile, ministers are set to speak from 08:30GMT/09:30CET and throughout the day at the Budapest Balkans Forum. No major data releases are scheduled for the remainder of the week.
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  • Economy Minister Marton Nagy estimates that the basic food retail margin may limit inflation by up to 1ppt and food inflation by up to 2ppts, he said in a video posted on Facebook. He did not provide timing for when the expected effect will take place. As a reminder, the food retail margin limit of 10% will start March 17, affecting 30 basic food categories.
  • Cabinet Minister Gergely Gulyas will hold a briefing following a weekly government meeting at 09:00GMT/10:00CET. Meanwhile, ministers are set to speak from 08:30GMT/09:30CET and throughout the day at the Budapest Balkans Forum. No major data releases are scheduled for the remainder of the week.