Is another food price increase expected soon?

By: Trademagazin Date: 2024. 04. 19. 11:30

In recent weeks, there has been some relief in terms of food price increases, but according to experts, this is only a temporary phenomenon, and prices can be expected to rise again in the coming months. ATV Híradó regularly goes shopping to compare food prices, and the latest survey revealed some interesting trends.

ATV Híradó also examined the prices of several basic food items during its most recent shopping trip. In some cases, prices decreased compared to the previous year: for example, the price of dry pasta became HUF 120 cheaper, and the price of tomatoes, sour cream, margarine and bread also decreased. At the same time, the price of pork in Paris remained unchanged, and Trappist cheese became more expensive, the price of which is currently HUF 2,490 per kilogram. Overall, the ATV staff spent almost HUF less than the previous month, which can be encouraging for consumers.

According to agricultural economist György Raskó, the disparity in purchasing power between different social strata is becoming more and more significant. Those with higher incomes tend to buy quality foods, which often become more expensive, while the poorer classes tend to look for lower-quality and “unbranded” products, which often have sales and lower prices. Although the increase in food prices has stopped in recent weeks, according to Raskó, another increase can be expected in the coming months.