NGM: customers must be informed if the packaging of a food is reduced

By: Trademagazin Date: 2024. 01. 08. 12:15

In order to protect families, the government has adopted a new measure, so food retailers with a turnover of over HUF 1 billion must post a warning notice if the packaging of a product has decreased, the Ministry of Economic Affairs (NGM) explained in a statement sent to MTI on Monday.

The ministry explains: the government does everything to protect families and takes the most decisive action against consumer deception, thus also preventing families from being harmed, especially in this difficult economic situation. 2023 was the year of breaking inflation – they remind. The government recognized in time that decisive and effective steps are needed to curb the prices that have run wild due to the war, sanctions and price speculation by multinationals. Thanks to effective measures, the government reduced inflation to single digits by October, which decreased even further to 7.9 percent by November, and was able to decrease to around 6 percent in December.

After the inflation has been broken, steps to start growth will increasingly come to the fore – the ministry emphasizes. The government’s goal is to restore economic growth in 2024 and to grow the economy again dynamically, by 4 percent. To this end, by gradually removing the precautionary motive and strengthening confidence, it increases consumption, keeps the investment rate above 25 percent and further increases labor market activity.