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Hungary to Roll Out Online Price Monitoring System, Initially Focusing on Food

• 24 Mar 2023 8:25 AM
• Hungary Matters

Hungary is introducing an online price monitoring system to increase transparency and boost competition, the Competition Office (GVH) and the Economic Development Ministry said.

Economic Development Minister Márton Nagy supported the proposal by GVH chairman Csaba Balázs Rigó to set up the database of prices that can be monitored by consumers, preventing overpricing.

The system, initially focusing on food products, is scheduled to come online at the end of June and is expected to help bring down inflation to the single digits by year-end.

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• Price Monitoring Price Caps Food Price

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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