During the price raid, it was revealed that the stores were playing tricks with the price-stopping products
Government spokeswoman Alexandra Szentkirályi previously announced that price raids would be launched in stores where the price hiked products could not be found on the shelves. The most recent Government Information Agency said that during the inspections, compliance with the price caps was investigated in 468 stores, and the authorities imposed penalties in 179 cases.
According to the government spokesperson, the most common violation was that the price-fixed products were not available on the shelves, while there were plenty of them in the warehouse. When asked by Magyar Nemzet, he said that the authorities most often come across inadequate stocks of granulated sugar, 2.8 percent UHT milk and flour.
The Hungarian government and the Economic Competition Authority (GVH) are working together to enforce the price cap and are planning to launch an online price monitor, which is expected to be operational at the beginning of summer. Prime Minister Viktor Orbán also spoke about the introduction of price caps, but emphasized that the government cannot yet introduce price caps. They strive to reduce inflation, and he believes that its break will be felt in April, and then a definite decline is expected in May-June.
They want to ensure that there is real competition between products and that prices start to go down.
Related news
The trade association and the competition authority interpret the results of the competition office’s investigations differently
According to the National Trade Association (OKSZ), investigations by the…
Read more >According to the GVH’s investigations, retail is not the culprit in price increases.
It is not the retail trade that is responsible for…
Read more >GVH: proceedings have been initiated against a company distributing dietary supplements due to suspicion of reseller price fixing
The Hungarian Competition Authority (GVH) has initiated competition supervision proceedings…
Read more >Related news
OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >KSH: investment performance decreased by 8.0 percent compared to a year earlier
The volume of investments in the second quarter of 2025,…
Read more >MTÜ: almost 800 thousand people participated in the St. Stephen’s Day celebrations in Budapest
According to mobile data, more than 798,000 people with mobile…
Read more >