• Home
• Channel: Shopping
• Rules on Prices of Food in Hungary Tightened by GVH

Rules on Prices of Food in Hungary Tightened by GVH

• 21 Sep 2023 4:59 PM
• Hungary Around the Clock

The GVH has tightened its price monitoring system for food retail chains, in order to eliminate a loophole, the competition authority announced.

A new rule stipulates that the price designated as the lowest price for a product category must prevail in at least 80% of the retail chain’s shops.

“Retailers who have reduced the price of certain food products in only one or two of their stores can no longer have an advantage over others”, the GVH said.

Portfolio reported earlier that at least one multinational food retail chain lowered the price of certain basic foods in only one or two stores in order to appear the cheapest on the comparison page on the GVH’s new price monitoring website.

The authority and the working group that created the food price monitoring system is constantly working on further developments.

Those who use the online monitoring system will soon be able to filter the shops on the website’s map according to proximity to the user. A related mobile app will also be developed.

In addition, an expansion of the product categories is expected in the autumn.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Food Price

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

'Kitchen Exhibition', Budapest Aréna, 1 – 3 March

• 28 Feb 2024 4:48 PM

Hungary's largest exhibition of kitchen furniture, kitchen appliances, kitchen tools and above all kitchen trends will be held at the Papp László Budapest Sports Arena again this year.



Boss of Spar Hungary Complains About Her Customers Shopping Abroad

• 21 Feb 2024 6:42 AM

Hungary’s 27% VAT rate is undermining the competitiveness of Spar, in part by encouraging cross-border shopping, president Gabriella Heiszler of the subsidiary of the Dutch retail chain told Pénzcentrum in an interview.



Official Online Price Monitoring Platform To Be Continued - New Products Added to Comparison List

• 29 Dec 2023 9:44 AM

Csaba Balázs Rigó, the head of Hungary’s Competition Office (GVH), has said corporate profits were to blame, in part, for high inflation. In addition to the scale of some “unjustified” price increases, some businesses took advantage of stable demand for some products in spite of the higher prices, he added.



Blame Game: High Food Prices in Hungary Are Due to Government Windfall Taxes, Says Spar Boss

• 25 Sep 2023 12:35 PM

Hungarian consumers have become very price-conscious in the current market environment and this is reflected in the growing market share of own-labelled products, Spar CEO Gabriella Heiszler told the annual conference of economists in Eger.