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price monitoring

Aerial photo of the Pozsony (Bratislava) Castle

Slovakia May Adopt Effective Hungarian Price Monitoring System

The Hungarian price monitoring system, which will possibly be purchased by the Slovak government, is an online database developed by the government and the Hungarian Competition Authority. The system provides consumers with information on the selling prices of individual products….

Government Measures Prove Effective Against Inflation

For the government, the successful fight against inflation is a key issue as it aims to restore the previous trend of continuous wage growth, disrupted by the protracted war and the misguided sanctions….

Government Measures Halved the Inflation of Food Prices

Government spokesperson Alexandra Szentkirályi noted on public radio that inflation decreased to 17.6 per cent in July, representing a 2.5 per cent decrease compared to the previous month, and a 0.9 per cent decrease in food prices. On an annual…

Food Prices Drop Significantly Thanks to Price Monitoring System

According to the ministry’s statement issued on 4 August, in July the average prices of products in 62 product categories decreased by an average of 7.7 per cent. This reduction was a result of price decreases in 53 product categories…

Increased Mandatory Food Price Reductions Come into Effect Today

To further intensify price competition, the government decided to raise the level of mandatory discounts from ten per cent to at least 15 per cent starting today….

Government to Abolish Price Caps Starting August, Introduces New Measures to Help Young Couples Start a Family

Minister Gulyás announced that the maximum amount of the childbirth incentive loan (Babaváró hitel) will increase to 11 million forints. This change will come into effect in 2024 and will apply to couples where the woman is under 30 years…

Mandatory Discount Programme in Grocery Stores in Effect Starting Today

Starting from today, the mandatory discount programme has been launched in grocery stores all over the country to make sure Hungarian families have access to basic foodstuffs at affordable prices….

Consumer Protection: Over a Billion Forints in Fines Imposed

The Hungarian government has implemented measures to protect Hungarian families and businesses against high inflation. As a result, the inflation data in recent months indicate a systematic, continuous, and visible decrease in inflation….

Taking the Fight to Inflation: Online Price Monitoring System Comes Into Effect Soon

The price monitoring system will come into effect on 1 July, and is expected to contribute to pushing inflation back to single digits….

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