Bread becomes expensive in Hungary

Published Sep 24, 2022

Tridge summary

The president of the Hungarian Bakers Association, József Septe, has explained the significant increase in the prices of bread and bakery products in Hungary, highlighting the impact of rising raw material and energy costs, as well as wage and logistics expenses. He noted that the price of flour has tripled, gas has increased seven to eight times, and electricity has gone up ten to twelve times since last year. As a result, bakery companies are facing soaring costs, which they are passing on to customers. The cost of baking companies is expected to rise further due to additional raw material price increases and the withdrawal of companies from the HUF 480 discounted refueling. The association is also considering changes to the rules that prevent the sale of half or quarter kilos of bread, as not everyone can afford to buy a full kilo.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

While the prices of bread and bakery products in Hungary were far behind those of neighboring countries, the price of raw materials and energy, as well as the cost of wages and logistics, also rose significantly, explained József Septe, president of the Hungarian Bakers Association. Since last year, the price of flour has increased by almost three times, that of gas by seven to eight times, and the price of electricity by ten to twelve times, which has caused a significant increase in cost for bakery companies, which they now have to pass on to customers. According to their survey, the price of Hungarian bread is still 73 percent higher than that of neighboring countries. Photo: MTI József Septe also drew attention to the fact that for a long time, the multinational chains significantly depressed the prices of bakery products, and because of this, the domestic bakery industry could barely exist. He added: further raw material price increases are coming, in addition, companies have ...
Source: AgroTrend

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