The entire world is fighting inflation at the moment, even the strongest economies are struggling. Food prices are rising the fastest in England, Germany and the United States, but what about Hungary? A research carried out by Pénzcentrum compares Hungary and England and finds out where shopping is cheaper.
According to Agrárszektor, in July 2020, compared to the same period of the previous year, the price of food increased by 7.8 percent. This seemed to decrease by 2021, when the price increase was only 3.1 percent. However, by July 2022, food prices had risen by around 27 percent. In addition, experts believe that we can expect futher price increases in the fall. Based on a survey carried out by KSH, margarine (65.8 percent), bread (57.9 percent), cheese (52.6 percent), dry pasta (49.1 percent), dairy products (43.8 percent), poultry meat (38.8 percent), pastries (38.5 percent) and eggs (37.5 percent) became the most expensive.
Pénzcentrum collected the products that are cheaper in the USA than in Hungary. For example, Heinz ketchup is cheaper in the USA than in Hungary, where an 800 ml bottle costs HUF 2,100 (EUR 5,15). Moreover, the 20 dkg of feta cheese costs roughly half as much at home. The HUF 770 (EUR 1,89), quarter-kilo mushroom is quite expensive, at home it is HUF 1,270 (EUR 3,12) according to KSH, but the American mushroom is sliced and packaged. Eggs, on the other hand, cost much more: HUF 150 (EUR 0,37) per piece, while at home, they cost HUF 64.1 (EUR 0,16).
The price of margarine in England is roughly the same as it is in Hungary. However, it can be found much cheaper in some Hungarian stores. The cheapest half-brown bread in England is also about the same as in Hungary. In addition, the own-brand spaghetti is almost exactly the same price. On the other hand, Barilla is significantly cheaper. It is surprising that the price of minced beef is better abroad, writes Pénzcentrum. In England, it is around HUF 2,600 (EUR 6,38) per kilo, while at home it is HUF 3,800 – 4,000 (EUR 9,32 – 9,81). The price of minced pork is the same while chicken breast is much cheaper here beacuse of the price reguation. Milk is also available at the official price, Hungarians can get it for HUF 282 (EUR 0,69) a liter. Tesco cheese is cheaper here, as are eggs roughly half or three-quarters of the price.
Source: agrarszektor.hu, penzcentrum.hu