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Shopping changes in Hungary: price monitoring system updated
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Hungary’s unique price monitoring system kicked off this July to combat record-high inflation. Though experts believe it contributed little to the decrease in the price rise, we can say that inflation eased significantly in the past few months. The system showed and compared the prices of 60 food products in 1,200 shops, but the government plans to implement another major change.
Hungary struggled with Europe’s highest inflation in the last few months. At times, the food price inflation reached more than 50%. In the case of certain food products, the rate crept up to 100%. Therefore, the government decided to introduce a unique price monitoring system, an app, which enabled citizens to compare food prices in the shops of five retail chains: Lidl, Tesco, Spar, Auchan, Aldi and Penny. We wrote HERE that Auchan in Hungary has been acquired by one of the wealthiest Hungarians recently. HERE you may find the map of the shops concerned.
The comparable food products included dairy products, cheese, eggs, meat, sliced meat, vegetables, fruits, bread and sustainable food. Inflation decreased in the second half of 2023, but experts believe that this shift was inevitable to occur even without the government’s new monitoring system.
I couldn’t understand what happened to Auchan, I used to buy there all the time but I noticed that they have become much more expensive than other places and that they have a lower selection than they used to have. Now, thanks to DNH I know and I will avoid shopping there, Thanks!
WHY from pre Covid to present time – have a tin of Lychees in Asian and “other ” supermarket outlets in Budapest, why have they EXPLODED in price from 5-6000 huf a tin, to NOW 9, 10, 11 and up to 12.000 huf a tin ???
Yes they are imported sold 95% from Asian Supermarket Stores in Budapest but this PRICE explosion is just Greed & Exploitation, by the Shops – principally Asian owned run and operated in Budapest.
There is NO economic argument that could be mounted nor listened to WHY these explosive prices are being asked for Lychees.
The increase in prices has nothing to do with war or sanctions.
Like shop owners said on the radio: as long as people pay they will keep raising the prices!
Where to find that price monitoring app? Why not mentioning that?