When will food prices decrease in Hungary? Here is what experts say
Change language:
Food prices are expected to decrease at least half a year later in Hungary than in Western Europe. According to Eurostat data, food inflation in the European Union was 19 and a half percent in February. Meanwhile, it was 47 percent in Hungary.
Drop in food prices will be felt later in Hungary than in other countries
“If the price cap is abolished, there will be a very serious jump, which will probably cause serious disappointment to customers who are hoping that the current sale will be permanent and that these foods will return to a lower price level,” György Raskó told ATV. The decrease will be felt much later in Hungary compared to other countries.
However, Gergely Gulyás, minister in charge of the Prime Minister’s Office, said that they expect that by June-July-August, the decline in inflation will accelerate rapidly in Hungary. In the meantime, Balázs Csaba Rigó, president of the Economic Competition Office (GVH), initiated the creation of an online price monitoring database at the government, with which they want to prevent overpricing and increase market competition, writes promotions.hu.