The Economic Competition Office continues to monitor food prices

The competition office achieved 2 billion forints in consumer compensation and imposed a fine of about 3.7 billion forints last year. 101 companies were brought into proceedings, of which 57 were fined, of which only five took advantage of the legal remedy.

Based on the report, GVH’s action against cartels continued in 2022. The authority imposed 80 percent of competition supervision fines due to agreements restricting competition, the majority of which were the most serious, cartel-type violations.

Balázs Csaba Rigó indicated that the competition office is conducting several accelerated sectoral investigations in the food sector in order to explore in detail the underlying causes of food inflation affecting competition law. In addition, the working group whose goal is to create an online price monitoring database is already working.