Food prices have already started to fall, as the GVH began to investigate

In the hope of finding out whether cartels and profit inflation are behind the record-high 44 percent rise in food prices, the Economic Competition Authority (GVH) launched a procedure. Rigó said that they only sharpen the tip of the spear, they don’t even stab it there. However, he added that their decisive action has a deterrent effect in itself.

“We faced the first complaints in the autumn, then we did not stand idly by, we immediately started preparing for a series of consultations. The result of this was the accelerated sector investigations launched in January and February. Especially in retail, we see that where there is healthy competition, and healthy competition would lower prices, there there appear to be unjustified seemingly simultaneous price increases”

Rigó said in ATV’s Hírádó on Tuesday evening.

Now you see that retail players have started to cut prices and compete downwards.