Márton Nagy: the government has halved food inflation compared to its peak

An important element of the decrease in inflation is that food prices fell by 0.9 percent compared to the previous month, and overall (on an annual basis) the government has practically halved food inflation compared to its peak, he wrote.

Márton Nagy noted that “this is already a period of dynamic inflation reduction, the targeted government measures, i.e. the mandatory campaigns and the online price monitoring system, are working extremely efficiently and successfully, because they have started a deadly competition in the food trade market, and this is pushing the prices lower and lower prices”.