Márton Nagy: the mandatory promotion and price reduction of food has started

By: Trademagazin Date: 2023. 06. 01. 14:05

From June 1, the mandatory sales in commercial stores began to reduce the increased food prices due to the war and sanctions. This is another government measure to protect Hungarian families and pensioners. In grocery stores, customers can expect price reductions in 20 product categories – Minister of Economic Development Márton Nagy confirmed in his announcement on Thursday.

In relation to the price cut, he highlighted: the government’s goal is to reduce sanctioned inflation to single digits by the end of the year. The already introduced measures are working, so inflation peaked and began to decline. The mandatory promotion and the online price monitoring system starting in July will significantly contribute to the reduction of inflation in the rest of the year by lowering prices and increasing competition, he emphasized.

However, the most important thing from the point of view of the customers is that every week they have at their disposal a special price grocery basket of 20 products in the respective stores, which they can buy much cheaper compared to the previous month.
The regulation now coming into effect applies to traders with a turnover of more than one billion forints, who must advertise a mandatory promotion every week in the evenings of 20 product categories. Such product categories include, for example, poultry meat, milk, sour cream and their substitutes, such as cheese, bread, pastries, dry pasta, rice and other cereals, fresh fruit and fresh vegetables.