Families can also save money and time during Easter shopping by using the online Price Watcher, the Economic Competition Authority (GVH) pointed out in a statement on Friday.
In the system operated by GVH, the prices of a total of 2,000 different food products from 78 product categories can be compared on a daily basis since January. Hungarian consumers can save thousands of forints in preparation for Easter by using the convenience functions of Árhyelő and with conscious planning
– announced the competition authority.
It was recalled in the announcement: seven years ago, food inflation was not as low as it was in February 2024. Targeted government measures, central bank measures and GVH’s competition-enhancing interventions, including the online Price Monitoring system, contributed to the annualized monthly inflation falling to 3.7 percent, according to data from the Central Statistics Office (KSH). Food inflation was even lower, at 2.2 percent in the second month of 2024, which represents an outstanding decrease compared to 44.8 percent in December 2022.
The competition office also indicated that the average prices have decreased in the vast majority of product categories observed in the Price Monitor.
As an example, they mentioned that among the previous price-capped products, milk costs about 15 percent, cooking oil almost 40 percent, and fine wheat flour, eggs and potatoes about 50 percent less compared to the average prices of the previous price caps based on the current data of the online Price Monitoring system, but they are available cheaper. pork leg and granulated sugar as well. They added that thanks to the expansion of the product categories, lactose-, milk protein- and gluten-free products can now be found in the Price Watcher, so those following a special diet can take advantage of its advantages.
Saving time is also an extremely important aspect during the Easter period, and the online Price Watcher also helps consumers with this. Since its inception, the system has been supplemented with several convenience functions that help faster planning and more efficient shopping
– recalled the GVH.
The online Price Monitor is also continuously available to customers in 2024, so it continues to ensure price comparability and contributes to keeping prices under control. Further functional development of the Price Monitoring System and further expansion of the monitored product categories is expected this year, the competition office pointed out.
2024-03-24 14:45:00