GFM: since the start of the price monitor, the average price of food has decreased in 52 product categories
Since the launch of the online price monitor, the average price of monitored foodstuffs has decreased in 52 product categories, the Ministry of Economic Development (GFM) told MTI.
In the announcement, it was recalled that, with the professional support of the GFM, the Economic Competition Office launched the price monitoring system on July 1, which has been supporting the “breakdown of inflation that has increased due to the war, sanctions and price speculation by multinationals” for almost four months.
The platform supports more conscious purchasing decisions of families through the comparability of prices, while increasing competition between retail stores, they underlined.
They wrote that the results are clear: the sanctioned food inflation has already been reduced by a third by the government.
According to the announcement, the effectiveness of the price monitor is proven by the fact that, since its launch, the average prices of 52 of the 62 product categories have decreased by an average of 6.6 percent.
Related news
Inflation accelerated in Germany in August
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Inflation may accelerate in Croatia – vacations will become more expensive
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The Hungarian economy may finally start growing next year
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
KSH: the gross average salary was 693,700 forints, 9.0 percent higher than a year earlier.
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The state banned the purchase of Alföldi Tej
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Corn market: weak harvest, growing uncertainty, shifting imports
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >