Government mandates markup cap on household products to help protect families and pensioners

The National Economy Ministry has confirmed in a statement that the Hungarian government has mandated a 15pc cap on markups on household products in 30 categories to help protect families and pensioners.

The ministry said a markup cap on a range of food products has been in place since March 17, helping reduce the prices of over 900 different products by 19pc on average.

Monday’s expansion of the markup cap will last until the end of summer and apply to product groups such as laundry detergents, washing-up liquids, paper tissues and shower gels.

The measure applies to drugstores that sell more than 40pc of household goods, such as DM, Rossmann, Muller, Douglas, Azur, Estee Lauder and Yves Rocher stores. Stores where both food and non-food products are available are not directly affected by the regulation.

The government is continuously taking action against unjustified price increases to protect Hungarian families and pensioners and is ready to intervene whenever necessary. It aims to support economic growth by lowering prices and increasing consumption, the ministry said.