Hungary: There will be enough ham at Easter, but the prices will put us off

Published 2023년 3월 16일

Tridge summary

Hungarian families are facing a dilemma as Easter approaches due to falling real wages and rising food prices, with general food inflation in Hungary reaching over 40 percent in the last five months. Despite the economic strain, the Association of Hungarian Butchers assures that Easter ham will be available, albeit at significantly higher prices. The cost of ham products is expected to increase by 35-40 percent compared to last year. The rise in food prices is attributed to the war in Ukraine, which has caused a drastic increase in grain prices, affecting the meat industry. The meat industry is further challenged by oversupply and decreased demand, leading to a complex situation where input costs have risen, but consumer prices have not fully reflected these increases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

When it's Easter, Hungarian families have ham on their tables, even if they can squeeze the price of the delicacy out of their wallets, which have been hit by unfavorable economic effects. Real wages have been falling for four months now, and the purchase value of salaries is falling more and more. The rapidly rising food prices must be financed from the lower wages. In Europe, we have the highest general inflation, and within this, food prices also rose the most in Hungary - the Central Statistics Office (KSH) measured general food inflation of over 40 percent in the last five months. In addition to these two areas, there are many other burdens on family coffers, which raises the question of whether you will get Easter ham. "There will be ham on the shelves of the stores, our member companies are prepared for the holiday season," Martina Mostisch, executive secretary of the Association of Hungarian Butchers, told Index. The Secretary General of the Hungarian National Trade ...
Source: Index

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