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
Pensioners are in a difficult situation at the cash register
According to the latest data from the Central Statistical Office…
Read more >Inflation slowed in the United States in July
In July, inflation and core inflation in the United States…
Read more >The core inflation rate calculated without food and energy prices did not change on a monthly basis in the USA
A várakozások alatt alakult júliusban a termelőiárak emelkedése mind havi,…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >