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GOVT REJECTS SPAR'S 'FALSE CLAIMS' REGARDING MEASURES TO BRING DOWN INFLATION

 

The national economy ministry called communication by the Austrian owner of SPAR supermarkets in Hungary on government measures to bring down inflation “malicious” and “false”. The ministry noted in a statement that government measures requiring big supermarket chains to comply with price caps on staples and offer regular discounts had helped reduce double-digit inflation to 3.7% in February, while revenue from a windfall profit tax on the retail sector had been channelled into a fund to keep household utilities prices down. The ministry acknowledged that SPAR “disagreed” with those measures but said its behaviour ran “counter to the interests of Hungarian consumers”. The ministry said SPAR’s “attacks” against the government were driven rather by the “loss-making position” of its local business which had “fallen behind the competition