Prices of Monitoring Platform Products Fall 6.5%

Retail

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Prices of products included on an online price-monitoring platform for food have fallen by 6.5% on average since the site's launch by the Competition Office (GVH) and the Economic Development Ministry on July 1, the ministry said on Friday, according to a report by state news wire MTI.

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.

The ministry said the price of green peppers had fallen close to 37%, while tomato prices had dropped 25% and egg prices were down more than 27%.

The price-monitoring platform could reduce food prices by 1.8 percentage points and cut headline inflation by more than 0.5 percentage points, the ministry said.

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