Orbán Cabinet Extends Price Monitoring System Following High Food Price Inflation
The Hungarian government is considering expanding the range of products available on an online platform that monitors food prices at the country’s largest supermarket chains, the National Economy Ministry announced on Wednesday.
Currently, the platform compares prices of various food items at six major supermarket chains, including Aldi, Auchan, Lidl, Penny, Spar, and Tesco. With the potential addition of fish, coffee, tea, rice, cream, beef, sausage, sweets, and cocoa, the number of products on the platform could reach 100. This initiative was launched on July 1, 2023, as part of government efforts to promote competition and tackle food price inflation.
According to a report by 24.hu, the average food price inflation in Hungary currently stands at over 5.4%.
Meanwhile, Prime Minister Viktor Orbán praised the government’s economic stimulus measures, calling them a “flying start” in a video message shared on social media. Orbán highlighted initiatives like the Demján Sándor Programme to support local SMEs, subsidized credit for young blue-collar workers, and the distribution of yields on retail government securities to households.
Orbán emphasized that the aim is to benefit Hungarian families and the economy rather than foreign investors, stating that this approach is beneficial for Hungary. He expressed optimism for the future, describing the year ahead as “fantastic.”
As the government continues to implement measures to boost the economy and support households, the addition of more products to the online price monitoring platform could provide consumers with better insights and options for affordable shopping.
