Hungary takes aim at ‘shrinkflation’ with mandatory price warnings

 BUDAPEST (Reuters) – Hungary’s government will require large food retailers from March to display price warnings on products that have shrunk in size, the Economy Ministry said on Monday.

Hungary’s inflation rate peaked at 25% in the first quarter of last year, the highest in the European Union, and it is struggling to revive the economy as consumers’ purchasing power has declined.

Data published on Monday showed retail sales rising by 0.8% from the previous month in November, though they were still down by an annual 8.7% in the first 11 months as consumption fell.


https://www.globalbankingandfinance.com/hungary-takes-aim-at-shrinkflation-with-mandatory-price-warnings/

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