Hungary: This year, Easter ham will only be on the tables of the few people

Published 2023년 3월 16일

Tridge summary

Despite concerns of ham availability due to high prices, Hungary's Easter traditions are expected to proceed with the necessary supplies. However, the rising inflation rate, especially in food prices, is causing a significant strain on household budgets, with food costs increasing by over 40% in the last five months. This situation, coupled with the anticipating increase in ham prices by 35-40% for Easter compared to last year, presents a challenging financial situation for Hungarian families. Although traders are absorbing some of the price hike to prevent shocking consumers, the possibility of a 50-60% price surge is still on the table. This backdrop underscores the difficult choices Hungarian households face in balancing their expenditures amidst escalating food prices and stagnant purchasing power.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Based on the expectations, there will be enough ham in the shops at Easter, the only question is who will be able to pay for it, because in general it will be available at a rather high price. Ham is a traditional Easter food for Hungarian families, but this year due to its price, it will only be on the table of a few people. Due to inflation, the purchase value of salaries has been decreasing more and more for four months now, which should be used to finance the skyrocketing food prices. In Europe, we have the highest general inflation, and within this, food also rose in price the most in Hungary - in the last five months, the measured general food inflation was over 40 percent. The good news is that there will be no shortage of ham on store shelves at Easter, but the price can be quite alarming. The various ham products may cost an average of 35-40 percent more this year than last year, following the rate of general food inflation, the Index wrote in its article. And only 40 ...
Source: Magro

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