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Retailers Pushed to Cut Food Prices With New Measures Set to Be Introduced

HUNGARY

Hungary will force large food retailers to cut the prices of some basic items, the latest effort to rein in the European Union’s fastest inflation with cost controls. (BBG)

  • The new measure — which will set up about 20 basic food categories and force retailers to cut prices of at least one item in each group in weekly sales campaigns — will be in effect by July 1, a government spokeswoman told reporters.
  • Separately, it was announced that food price caps will be extended until June 30.

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