GFM supports the proposal of the Economic Competition Authority to create an online price monitoring database
The President of the Economic Competition Authority initiated the creation of an online price monitoring database based on the experiences of the ongoing accelerated sectoral investigations in the food sector. On behalf of the Government, Minister of Economic Development Márton Nagy supports Balázs Csaba Rigó’s pro-competitive and inflation-reducing proposal. In order to implement it as soon as possible, the parties will establish a joint working group at the beginning of next week.
The rapid increase in food prices throughout Europe is causing difficulties for the population and all actors in economic life. Fighting inflation is therefore a common goal, in order to protect families, the economy and market competition, the competition authority and the Government must seize all possible means to fight inflation and reduce it to single digits by the end of the year.
The Economic Competition Authority is conducting several accelerated sectoral investigations in the food sector: on January 20, it began investigating the market of milk and milk products, and on February 8, the market of durable foods.
Related news
The GVH’s latest knowledge-sharing event was about green claims
The Hungarian Competition Authority (GVH) has organized a conference for…
Read more >Billion-dollar market and fragile credibility – this is how Hungarian influencer marketing is transforming
The domestic market for influencer marketing is showing dynamic growth:…
Read more >Only two EU countries have higher inflation than Hungary
The European Inflation Outlook of the Private Banker compared the…
Read more >Related news
A new era in the global economy? – New challenges for our country
May 2025 brought an acceleration of change in the global…
Read more >This is how you can keep your hair and skin healthy during the approaching summer heatwave
Styling, dyeing and blow-drying can all weaken the internal structure…
Read more >New cycle, stable operation, unchanged direction – ÖRT management has received trust
The General Assembly of the Hungarian Self-Regulatory Advertising Board (ÖRT)…
Read more >