Orban's Food Price Cap Takes Aim At Foreign Retailers In Hungary

Source: International Business Times

Hungary has the highest inflation in the European Union AFP Seeking to tame public anger over soaring inflation, Hungarian Prime Minister Viktor Orban has imposed price controls on basic food items sold in supermarkets, renewing his fight against multinational companies. Economists say the measure may bring short-term relief to consumers, but it provides little help to many in rural areas who live far from bigger towns where large retailers are located. "Small stores are not affected, only big multinationals, and we don't go there," said retiree Erzsebet Risztics, 68, who lives in Tiszaroff, a village in one of the Central European country's poorest regions.