Hungarian Conservative

The Hungarian price monitoring system, which will possibly be purchased by the Slovak government, is an online database developed by the government and the Hungarian Competition Authority. The system provides consumers with information on the selling prices of individual products.

The price monitoring system will come into effect on 1 July, and is expected to contribute to pushing inflation back to single digits.

To make the process of reducing inflation as strong and significant as possible, all possible tools must be used, they added. For this reason, in collaboration with the government, the Hungarian Competition Authority is establishing an online price monitoring system based on international examples, which contributes to increasing market competition and preventing overpricing.