GFM: in September, the average price of foodstuffs observed in the price monitor decreased in 34 product categories
The price monitoring system, which was established with the professional cooperation of the Economic Development Ministry (GFM) and the Economic Competition Authority (GVH) in order to break inflation and protect families, has been in operation for two and a half months – the ministry recalled in its statement on Friday.
The online platform currently enables the comparison of consumer prices for 62 food product groups, thus helping customers make decisions and encouraging market competition in the domestic retail sector.
The price monitor proves to be an effective tool in reducing prices, since the average prices have decreased by an average of 6.8 percent in 54 of the 62 product categories since its launch. The decrease in prices since the beginning of July could have reduced inflation by more than 0.5 percentage points, and food inflation by about 1.8 percentage points, taking into account the weights of the CSO inflation consumer basket, they said.
Related news
New products in the Price Monitoring System
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The prices of household and hygiene products can also be tracked in the Price Watch
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >GVH: 100 product categories are now available in the online Price Monitor
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
The deer-rooing season has begun in Hungarian forests
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The amount of domestic game meat sold and intended for own consumption in 2024/25 was 13 thousand tons
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Dr Zoltán Pogátsa on the Hungarian economy: neither the golden age, nor an apocalypse
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >