The Hungarian government’s mandatory action in shops has come into force, here are the first experiences
From 1 June, the Hungarian government made it compulsory for shops to offer special offers on certain basic products. The aim is to reduce inflation, but what are the first experiences?
Mandatory special offers
Under the Hungarian government’s new regulation, shops must offer 20 categories of basic foodstuffs at a minimum 10 percent discount for a week. György Vámos, secretary general of the National Trade Association (OKSZ), said the aim was to bring down inflation. The discount offer will be updated weekly and inspectors will check that everyone is complying with the new rules, napi.hu writes.
“Every discount is a burden for the retailer, as they give up part of their sales – and they are forced to do this in addition to the mandatory promotions in order to reverse the downward trend of the first quarter and to increase the volume of goods bought by the public in grocery stores.” said Mr Vámos.
Wave of discounts and huge competition
According to index.hu, Spar has big plans to offer not only 10 but up to 40 percent off, and will fix the prices of 300 products between 31 May and 31 July as part of the price freeze extra promotion. Spar also highlighted that they are offfering 700-900 special offers per store.
An important condition is that the information on the mandatory action must be displayed in a prominent place and be available online.
CBA’s communications director, Attila Fodor, said that inflation and price rises on the world market have made consumers sensitive to prices.
Tesco has indicated that it will continue its price guarantee scheme, which has been running for a year now, keeping prices of 600 basic foodstuffs low. In addition, customers with the company’s Clubcard can enjoy discounts of up to 50 percent.
Lidl Hungary is also taking part in the competition,. They are also planning more discounts as they are preparing for 20-50 percent promotions.
So far I see nothing except Pennymarket one very low-fat yoghurt 3% they claim is 10% off. 10% of the over 50% they added. What a joke.
It is cheaper and more healthy to make your own.
Spar has a restriction on all 2.8% milk no matter the price.
Till today both shops simply do not put the milk with the price cap into their shops. The shops celebrate their golden ages and don’t care. Their profit only increased thanks to the c19 nonsense.
I hate all of the schemes that grocery retailers have everywhere. I buy the same basic healthy vegetables & dairy and limited fruit every shopping trip & know the prices in my head. I know what day the various things get delivered, so shelf space is created by putting 1/2 price stickers on things. That is what i buy. Only living food, like I’d buy at the piac or grow myself if my soil could support heavy feeders. and we had more than 3 months growing season between frosts (where I live, june 10th last one, Sept 8th first one….except this year, no wet cold spring, infact Nova Scotia has 16 fires out of control, thousands evacuated as their homes burn) like squash, peppers, egg plant etc.
How about shopping at Hungarian owned business.
Such a big bullshit. I live in Hungary and day by day something gets more expensive. Offers? The kind of offer take it or leave it. Mostly the everyday man leaves because can’t offered it.