The president of the baker's association doesn't even dare to say how much bread will cost in a month in Hungary

Published 2022년 9월 23일

Tridge summary

The president of the Hungarian Bakers Association, József Septe, has highlighted the significant rise in the cost of raw materials, energy, wages, and logistics, which is leading to a surge in the price of bread and bakery products in Hungary. He noted that the price of flour has tripled, gas has increased seven to eight times, and electricity has risen ten to twelve times. These increased costs are being passed on to customers. Despite these price hikes, Hungarian bread remains 73% cheaper than in neighboring countries. The association is also concerned about further increases in raw material prices and the fact that bakery companies have been excluded from discounted fuel prices, leading to further cost increases that will need to be passed on to customers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Even though the prices of bread and bakery products in Hungary have fallen well behind those of neighboring countries, the price of raw materials, energy, and the cost of wages and logistics have also risen significantly, József Septe, president of the Hungarian Bakers Association, told InfoRádio. The official said that the price of flour has increased by nearly three times, that of gas by seven to eight times, while the price of electricity has increased by ten to twelve times, which has caused a large increase in cost for baking enterprises, which they have to pass on to customers. József Septe noted that, according to the survey of the bakers' association, Hungarian bread is still 73 percent cheaper compared to neighboring countries. He added: the multinational chains significantly depressed the prices of bakery products for a long time, which is why the domestic baking industry could barely exist. The president of the Hungarian Bakers' Association also spoke about further ...
Source: Index

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