Almost everyone hated it, now the margin stop is really saying goodbye

The Hungarian government plans to lift the price cap on food products, as announced by Prime Minister Péter Magyar and Economic Minister István Kapitány. The proposal cites normalizing inflation and the strengthening of the forint as reasons for this decision. The price cap, introduced last March, limited profit margins on essential food items and was criticized for harming competitiveness and consumer trust. Retailers, including major chains, have long called for its removal due to negative impacts on their operations and negotiations with suppliers. The European Commission also initiated infringement procedures against Hungary for these restrictions, which disproportionately affected foreign-owned businesses. The lifting of the cap is expected to take effect eight days after parliamentary approval, but concerns remain about the overall health of the retail sector.