Easter ham, cakes, bread, transportation prices to skyrocket in Hungary!
Despite the price cap on some basic food items, life is becoming more expensive in several places. Although the price of petrol is not rising in Hungary, transportation is more expensive. The coronavirus, the Russian-Ukrainian war, inflation, and the unstable Hungarian currency all add to the rise in prices.
Many products are becoming more expensive because of the war
Uncertainty in Ukrainian and Russian grain exports is pushing up grain prices. This has a noticeable effect on animal husbandry as well, writes index.hu. As domestic professional producers usually procure the raw materials needed for animal feed one year in advance, there is no need to fear domestic grain shortage for the time being.
Livestock farmers are worried that crop producers hoping for higher prices will not sell their products even above the market price.
For a month now, pig farmers have said that it is cheaper to transport pigs ready for slaughter from Belgium to Hungary than to produce them at home. It is also a problem that the rise in prices due to the war coincided with the end of the crisis of overproduction. It is still unknown how the market will react to the Easter period and the increased demand.
The price of bread, cakes, and transportation are also rising
The Hungarian government has capped the price of some basic food items in Hungary. They did the same for the price of gasoline. However, rising freight rates are felt everywhere.
Shipping costs have risen, shipping has slowed down, and fluctuations in the euro exchange rate also affect purchase prices.
Attila Fazekas, a confectioner, believes that the supply may change due to this. We may see fewer cakes with more expensive ingredients, such as fruit and chocolate, while cheaper cakes, which contain cottage cheese, poppy seed, and cinnamon, could come to the front, writes 24.hu.
Shocking rise in the price of bread
According to the latest inflation report of the CSO, inflation in Hungary has not been this high since 2007. The research of pénzcentrum.hu found an increase of at least 15% in the price of more than 50 products in the last year. The price of strudel flour, light flour and wheatmeal flour rose the most. However, the price of cheese and acacia honey has also increased significantly.
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Source: index.hu, 24.hu, Pénzcentrum
True.
Paid 1650 huf for our Coffee 1000g Weiner Extra at Grand Market Hall – underneath at “Small” Supermarket – Wine, Alcohol and “other” items of “need” – for best part of past 12 months.
To-day – coffee price increase to 2999 huf – increase of 349 huf.
Is it exploitation ???
Is it GREED ?
Asked why increase level to the shop operator and reply ;
“My distributor increased his price which means my price must Rise in accordance of his price to me”.
ALL of Humans – we ALL have to suffer and bare the challenges of life – that are confronting US – at this time.
NOTHING – is going to get CHEAPER but an increase of this magnitude – Concerning – and still POSSIBLE -what is to come.