Chicken breast, sugar, flour, and cooking oil, this is how the prices in Hungarian stores changed in one year

Published 2022년 2월 8일

Tridge summary

Between 2020 and 2021, the average consumer price of several foodstuffs subject to price caps saw significant increases before the caps were implemented. According to the article, sunflower cooking oil experienced the highest price increase at 51%, followed by wheat flour (33%), and granulated sugar (24%). However, pasteurized 2.5% ESL milk saw a more modest increase of 14%. Interestingly, the price of pork thighs decreased by 12% during the same period. On January 13, 2021, the Hungarian government announced a price cap on several food items, including granulated sugar, wheat flour, sunflower oil, chicken breast fillets, and 2.5% cow’s milk, returning them to October 2021 levels, with the caps in effect from February 1, 2021, until May 1, 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Over the past two years, there have been significant increases in the average consumer price of basic foodstuffs affected by food price stops. It is clear from the latest graph of the CSO, the MTVA Press Archive and the MTI that in the period from January 2020 to December 2021, the prices of all foodstuffs originally affected by the measure, with the exception of boneless pork thighs, increased steadily, sometimes to an astonishing extent. While in January 2020 a kilo of wheat flour cost HUF 167, at the end of December 2021 this product was sold for HUF 223, which means a 33% increase in prices. The average consumer price of granulated sugar increased from HUF 223 to HUF 277 in the period under review, ie by about 24%. The highest price increase was measured at the price of sunflower cooking oil, which cost HUF 486 at the beginning of 2020, but became 51% more expensive in two years, and in December 2021 HUF 735 per liter was requested. In contrast, the average consumer price of ...
Source: Agrarszektor

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