Online Price Comparison Site Draws 650,000 Visitors

Retail

An online platform that compares the food prices of Hungary's biggest supermarket chains has drawn around 650,000 visitors since its launch on July 1, the head of the Competition Office (GVH) said on public radio on Sunday.

Since the launch, data has been downloaded from the site about 48m times, Csaba Balázs Rigó said.

The Hungarian language platform - at arfigyelo.gvh.hu - contains price information on products in 62 categories, updated daily, at Aldi, Auchan, Lidl, Penny, Spar, and Tesco stores. 

Rigó said the platform had spurred "cutthroat" competition among retailers and reduced food price inflation by two percentage points, according to the calculations of the Economic Development Ministry.

He suggested the platform could be expanded to include prices of other FMCGs.

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