Prices have ceased to rise in recent months, but Hungarian wages are still far below the EU average. Here are a few tips and tricks on how to shop smartly in Hungary.
From the 1st of June, mandatory shop sales will kick off in most local supermarkets. Every month, ATV will assess by how much the prices of ten staple food items on an average Hungarian family’s shopping list have changed since the last recording.
This time, the cost of bread and milk seems to have stalled, while price-capped eggs are still holding their prices.
The latest report on earnings has been published by the Hungarian Central Statistical Office (KSH). In March, the gross monthly wage stood at HUF 577,900 (EUR 1,549.23), while the net monthly wage was HUF 398,000 (EUR 1,066.95). This shows that real wages fell by 7 percent. Shockingly, Hungarian employees earn only 40 percent of the EU average wage.
On a positive note, macro-analyst József Hornyák says inflation is gradually easing. The last time we observed such a rapid monetary deterioration was back in 2008 during the global economic crisis, he stressed.
It’s worth comparing the product prices of each supermarket chain before you set out for your weekly grocery shopping. Lidl Hungary, for instance, is offering its customers more than the 10 percent price cuts, required by regulation. Therefore, you can get your hands on massive discounts, ranging from 20 to 50 percent, writes pénzcentrum.hu.
Lidl’s wheeze is to pass the price advantage of the purchase price cuts on to customers, and even beyond. Between 1 and 7 June, there will be discounts of up to 25-30 percent on fresh meat and meat products.
“Our company is constantly working to support the Hungarian people in line with the strategic ambitions of the Government of Hungary, and we have already taken a number of steps to do so. Thanks to our latest measure, the We give more campaign, we are dropping our prices by 20-50 percent instead of the mandatory 10 percent reduction, which means an average discount of 31 percent in the first week. As the market-leading supermarket chain in Hungary, we consider it important to offer the best possible prices in every case, as this is how we can be at utmost help to all our customers,” said Judit Tőzsér, Head of Corporate Communications at Lidl Hungary.
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