Government measures have halved food inflation

Government spokeswoman Alexandra Szentkirályi said on public radio on Sunday that measures the government has rolled out have cut food price inflation by half from the earlier peak. Szentkirályi said an online price-monitoring platform featuring food products at Hungary’s biggest retailers had spurred “brutally intense” competition among retailers. Over one million consumers have used the platform since its launch at the start of July, she added. Szentkirályi said there was a “good chance” inflation would fall into the single digits by October, well ahead of the government’s initial year-end target.