Price-monitoring Platform Could Shave 0.6 pp off Inflation
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An online price-monitoring platform launched by the Competition Office (GVH) and the Economic Development Ministry could reduce food prices by 1.8 percentage points and cut headline inflation by 0.6 percentage points, the ministry said on Friday, according to a report by state news wire MTI.
Prices of products featured on the platform have fallen by 6.7pc, on average, since its launch on July 1, the ministry said.
The platform compares the daily prices of products in 62 groups at the country's biggest supermarket chains: Aldi, Auchan, Lidl, Penny, Spar, and Tesco. Other shops may voluntarily join the platform.
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