Unbelievable: Egg prices drop dramatically in one day in Hungary

According to the Price Monitor (Árfigyelő) that was launched on 1 July, the lowest price of eggs in packs of 10 was HUF 63 yesterday. Today, it has fallen to HUF 45 per piece. This means that the price of eggs has fallen by almost 30 percent in a single day.

When contacted by Index, the Hungarian Competition Authority (GVH) reported that the price of eggs had fallen by HUF 18, or 30 percent, in one day.

The government has taken a number of measures to try to bring down inflation. First with price caps, then with mandatory promotions, and more recently with the online price monitoring system. Experts say that the price monitoring system operated by the Hungarian Competition Authority will make a significant contribution to lowering prices and bringing inflation down.

According to the Price Monitor, the price of eggs has fallen by almost 30 percent in a single day. The Competition Authority said that this shows that the price monitoring system will continue to “protect Hungarian families from price rises after 1 August and contribute to the continuous reduction of prices, thereby helping to reduce inflation“.