Market News
KSH: prices increased by 5.5 percent in December and by an average of 17.6 percent in 2023
In December 2023, consumer prices exceeded a year earlier by an average of 5.5 percent, and compared to November, they decreased by an average of 0.3 percent. In 2023, compared...
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NGM: the fight against inflation has entered a new phase
The fight against inflation entered a new phase after the rate of currency deterioration in Hungary dropped to a significantly lower than expected level in December, said the chief economist...
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Inflation dropped to 5.5% in December
Slightly more favorable than expected, inflation decreased to 5.5%, a two-and-a-half-year low, in December from the 7.9% annual rate of price increase measured in the previous month, while the revaluation...
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A pleasant surprise arrived at the end of last year
The inflation data for December was published this morning by the Central Statistical Office. Consumer prices fell by 0.3 percent on a monthly basis, and the annual index thus fell...
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GVH: the online price monitoring system also contributed to the favorable development of food prices
In addition to government and central bank measures, the online price monitoring system operated by the Economic Competition Authority (GVH) also contributed to the favorable development of food prices, the...
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MMOSZ: The labor market may become tighter in 2024
“We can expect an increase in employment in our strengthening economy,” said Gábor Csizmadia, the president of the National Association of Hungarian Labor Employers (MMOSZ), which employs 200,000 workers through...
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From now on, not everyone can order cash on delivery in domestic webshops
It is often a challenge for online stores that some of the packages ordered by cash on delivery are not picked up by their customers, causing serious costs in terms...
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The price monitor has been expanded
The price monitor has been expanded, the system now shows the daily prices of 78 product categories. The products most often consumed by those following a special diet have been...
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Information on the electronic upload of the Business Diary
The Ministry of Agriculture has extended the deadline for the electronic upload of the Farm Diary by two weeks, until February 15, 2024, and a larger IT system update package...
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A priority goal is to improve the soil condition
Improving the condition of the soil and increasing the water retention capacity is a priority policy goal, which is supported by the new Common Agricultural Policy with more tools than...
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Szeged researchers investigated the power-generating ability of green algae
The staff of the Szeged Biological Research Center (SZBK) have identified a strain of green algae capable of producing up to ten times more electricity than previously known species –...
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The antibiotic distribution reporting interface for wholesalers of veterinary medicinal products has been opened
Wholesalers can submit their annual report on the distribution of antibiotic-active veterinary medicinal products until March 1, 2024. Data can be provided through the Customer Profile System of the National Food...
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IFF, Unilever and Dutch food scientists ally on plant-based flavor profiles
International Flavors & Fragrances (IFF) has spearheaded a collaborative four-year research initiative with Unilever and Wageningen University & Research (WUR) in protein-flavor interactions to address flavor challenges in plant-based meat...
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The parliament in Slovenia gave a vote of confidence to the new Minister of Agriculture
In the extraordinary session of the Slovenian Parliament on Friday, Mateja Calusic was voted to be the new Minister of Agriculture, Forestry and Food. According to a report by the...
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Getir/Gorillas and Uber Eats set to co-operate in Germany
Getir/Gorillas and Uber Eats are now working together in Germany, where Uber Eats users can order all Getir products from within the app. At the same time, Getir’s offerings in...
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Aldi crowned cheapest supermarket of 2023
Aldi has been named the cheapest supermarket of the year for 2023, marking the third consecutive year that the discounter has won the accolade. According to Which?’s annual price comparison...
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Agrometeorology: the persistent cold would be necessary
The cold would be needed for a longer period in order for pathogens and pests to be significantly decimated – HungaroMet Zrt. wrote in its agrometeorological analysis on Thursday. They...
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The GVH recommends the creation of a multi-level, state-regulated sustainability marking system
In many cases, green advertising messages are unclear and confusing, and a significant number of consumers are not aware of the exact content and meaning of individual statements and labels...
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At the end of 2023, SZÉP card traffic was record-breaking
By the end of 2023, the K&H SZÉP card had broken all previous monthly records in terms of traffic. In addition to the plastic card, the digital version has also...
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The mills raise their prices, and so does the price of bread
The domestic grain industry faces serious challenges after mills have to raise the delivery price of flour due to cost increases. Zoltán Lakatos, the president of the grain processing section...
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Bottles, stockings and sinkholes – now everything can be recycled?
As of January this year, plastic bottles can be returned and recycled in Hungary as part of the mandatory deposit system (DRS). The system has existed in Norway since 1902,...
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Winners of the V-Label international innovation competition announced!
The third edition of the innovation competition of the most famous international certification mark for vegan products, the Switzerland-based V-Label, has come to an end. On 1 November the winners...
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Trans-Sped: expect delays and price increases in logistics
Delays, price increases, and disruptions in world trade are to be expected in the coming months, after several of the largest shipping companies have indefinitely suspended the passage of container...
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Lidl, Marks & Spencer The Big UK Christmas Winners: NIQ
Apart from discounter Lidl, Marks & Spencer was Britain’s fastest growing supermarket in the Christmas quarter, industry data from NIQ has shown. NIQ said M&S’s food sales on a value...
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Starbucks plans major expansion in India — to open one store every three days
Starbucks Corp. has its sights set on one of the world’s most tea-loving countries. Tata Starbucks, a 50-50 joint venture between Starbucks Corp. and Tata Consumer Products Limited, plans to...
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Ferrero Sees Italian Sales Increase, Driven By Nutella, Kinder
Confectionery giant Ferrero’s Commerciale Italia division, which is responsible for sales and distribution in the business’ home market of Italy, saw sales rise 6.7% to €1.7 billion in the year...
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Last year’s legislative proposals of the National Chamber of Agrarian Economy were successful
Legislation did not rest in the past year, the National Chamber of Agrarian Economy (NAK) also took an active part in the development and amendment of legislation affecting agriculture and...
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The anti-shrinkage regulation has already appeared in the gazette
According to the decree, starting in February, shops must draw the attention of customers if the packaging of the product has decreased, but not the price. From now on, you...
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Somewhere there is a flavour waiting for you!
According to analysts, the whisky category has been relatively stable in recent years – mainly owing to the performance of American and Irish whiskies – and is set to grow...
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Will beer become more expensive in 2024?
The developments in the small-scale beer market can provide good news for beer lovers, as the price reduction of malt and hops does not justify further price increases, a group...
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