Nemeski@lemm.ee to

Europe@feddit.orgEnglish · 3 days ago

Hungary announces food price cap to fight inflation

www.euractiv.com

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Hungary announces food price cap to fight inflation

www.euractiv.com

Nemeski@lemm.ee to

Europe@feddit.orgEnglish · 3 days ago

6

Official data found food prices rose 7.1% in February compared to last year

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3 days ago

No, they’ve tried this before, it raised inflation as prices went up on everything not in the cap, and the stuff in the cap ran out in days.

Didn’t know that they tried this before, but the effect is absolutely predictable. This is neither a ‘price cap’ nor a ‘profit-margin cap’ imo.

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