New, useful feature came in Hungary’s unique price monitoring system

A new feature came to Hungary’s unique price monitoring software, which is available for everybody and aims to reduce the food price inflation soaring in the last few months.

Hungary faced incredibly high food price inflation after the spring of 2022. There were multiple reasons behind that, but the government introduced a brand-new online price monitoring system on 1 July to deal with it. HERE you may read our article on how it works. Of course, the software went on air just after food price rise trends changed from increasing to decreasing. That meant food prices continued to grow but at a slower pace. The government attributes that trend change to its measures, while experts believe the main factor was global trends.

Anyway, Hungary’s unique price monitoring app received a new function yesterday. Now, you can use the shopping list function. Thanks to that, you can put your favourite products into your virtual basket and compare their prices day after day. That it easier for people to buy their favourites for the best prices, index.hu wrote.

Read also:

• Scandal at Lidl Hungary: promise broken, HERE is why
• Innovation on Hungarian price monitoring platform – more info in THIS article

Government slams opposition for the high prices

Alexandra Szentkirályi, the government’s spokeswoman, said after the system’s launch, egg prices went down by 30 pc, and spaghetti prices decreased by 22 pc. 16 pc was the cost contraction in the case of vegetables and flour. Even if her numbers are correct, the price rise in the last few months was incredibly high. For example, in the case of eggs or butter, it exceeded even 100 pc. Therefore, most Hungarians believe they must spend much more money in the shops despite all government efforts.

Therefore, the government-close media opened attacks against opposition politicians sitting in decision-making bodies concerning markets, shops, etc. For example, Metropol yesterday slammed Géza Paál, DK’s (former PM Ferenc Gyurcsány’s party) mayor candidate in Budapest’s 21st district, saying that Mr Paál increased the market prices because he sits on the supervisory board of the Budapest Market Halls Ltd., which decided to raise the costs of the merchants significantly.