Ice cream prices in Hungary will reach a psychological limit this year thanks to the soaring inflation and utility prices.
According to RTL Klub, one scoop of ice cream may reach HUF 500 (EUR 1.3) this year because of inflation and utility prices. Confectioners talking to the Hungarian commercial broadcaster said they were in a trap. They cannot sell their product for more, but with that price, their profits will be low.
Their trade union expects a 10-15 percent general price rise, mostly because of the high utility prices. That rose tenfold in many cases. Furthermore, raw material prices also increased significantly because of inflation. Moreover, some of them come from abroad, which is not helped by the weak forint.