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Mandatory Discount Programme in Grocery Stores in Effect Starting Today

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Mandatory Discount Programme in Grocery Stores in Effect Starting Today

Starting from today, the mandatory discount programme has been launched in grocery stores all over the country to make sure Hungarian families have access to basic foodstuffs at affordable prices.
  • Ádám Bráder
  • — 01.06.2023

Starting 1 June, a mandatory discount programme has been launched in commercial stores to curb the rising food prices caused by war and sanctions. This is another government measure to protect Hungarian families and retirees. Customers can expect price reductions in 20 product categories in grocery stores, confirmed Minister of Economic Development Márton Nagy in a statement on Thursday.

Regarding the price reduction, he emphasised that the government’s goal is to reduce the sanction-induced inflation to a single digit by the end of the year. The measures already implemented are working, as inflation has peaked and is on the decrease. The compulsory discounts, along with the online price monitoring system launching in July, will significantly contribute to further reducing inflation throughout the remaining part of the year by decreasing prices and intensifying competition.

From the customers’ perspective, the most important aspect is that they will have access to a discounted food selection consisting of 20 products every week in the respective stores, which people can purchase at much lower prices compared to the previous month. The newly implemented regulation applies to retailers with annual revenues exceeding one billion forints, requiring them to announce sales in 20 product categories on a weekly basis. Examples of such product categories include poultry, milk, sour cream and substitutes, cheese, bread, bakery goods, dry pasta, rice, other cereals, fresh fruits, and fresh vegetables.

In the affected stores, it is necessary to sell one freely chosen good from each designated product category at a price that is at least 10 per cent lower than the lowest price applied in the 30 days preceding the obligatory action.

The statement noted that the affected retailers have made the necessary preparations and are prepared for the launch. The government encourages everyone to take advantage of the benefits provided by these measures. Retailers are required to inform customers about the products on sale, and the consumer protection authority will supervise the implementation, Márton Nagy concluded in the statement.


Related articles:

Taking the Fight to Inflation: Online Price Monitoring System Comes Into Effect Soon
Price Cap to Remain Until 30 June, Inflation on a Downward Trajectory
Ádám Bráder graduated from the Faculty of Humanities of Eötvös Loránd University in 2021 as an English major specializing in English in the Media and Applied Linguistics. From 2017, he worked as an assistant editor at TV2’s news programme. After graduating, he continued his work as an online journalist, which led to him joining the Hungarian Conservative team in 2022.
  • Tags: Europe, families, government, grocery, Hungary, inflation, mandatory discounts programme, price cap, price monitoring, prices, retailers, sanctions, sanctions policy

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