Hungary food prices up 45%, highest in EU
Food prices in Hungary have surged by more than 45% over the year, the highest in the European Union, according to EU statistics office Eurostat.
Hungary food prices up 45%, highest in EU
Food prices in Hungary have surged by more than 45% over the year, the highest in the European Union, according to EU statistics office Eurostat. This has forced consumers to change what they buy and led businesses to rethink their offerings.
While food prices have risen across Europe in recent months, Hungary’s increase is more than 15 percentage points higher than the next highest figure of just over 29% in Slovakia.
The price hikes are having a significant impact on the purchasing power of consumers in the country. The information comes from a report by AP.