GVH President: Peace would best serve price stability and low inflation
An interview with Balázs Csaba Rigó, President of the Economic Competition Authority, was published in POLITICO’s Pro Fair Play Newsletter. The president of the GVH stated: the national competition authorities also have a significant role in the fight against inflation. In Hungary, accelerated sector investigations, or the online Price Monitor, together with government measures, have developed into a real weapon in the fight against inflation. Balázs Csaba Rigó also pointed out that armistice can mostly lead to low inflation.
POLITICO’s editorial office in Brussels conducted an interview with Csaba Balázz Rigó, the president of the Hungarian National Competition Authority. The online media’s Pro Fair Play Newsletter published a summary of the fight against inflation, including an overview of the question of what tools the competition authorities can use to help and strengthen the fight against inflation.
The president of the GVH emphasized that the national competition authorities can take on significant tasks in the fight against inflation, using their own means. He recalled that in the 1990s, the European Commission itself emphasized action against price-fixing cartels in its reports as a competition authority goal that indirectly contributed to the reduction of inflation. While budgetary and monetary policy can provide faster reactions to inflationary pressure, competition policy measures exert their effects in the longer term, but the appropriate competitive environment and effectively acting competition authorities can greatly contribute to keeping prices low by enhancing fair market competition.
Related news
Csaba Balázs Rigó: the temporary application of the margin stop serves the interests of the Hungarian people
The President of the Hungarian Competition Authority (GVH) firmly believes…
Read more >The European Commission’s agriculture and food roadmap guarantees EU food security
The European Commission’s agriculture and food roadmap adopted in February…
Read more >EU Commissioner: European Commission’s agriculture and food roadmap guarantees EU food security
The agriculture and food roadmap adopted by the European Commission…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >