Money, euros, shopping – illustration photo.
Bratislava – The eight largest retail chains in Slovakia will set a price ceiling for selected foods for three months from Monday. The measure will affect almost 400 different items. Minister of Agriculture Samuel Vlčan and representatives of the retail trade told journalists. It was the increase in food prices that contributed to the acceleration of inflation to long-term highs in Slovakia.
“These products will not match in every network. The price may decrease, but the prices will not increase within three months,” said Martin Krajčovič, chairman of the Slovak Alliance of Modern Trade, which brings together leading chains in the country, about the project.< /p>
The retailer will mark food with a price ceiling, which will mainly include goods of Slovak origin, with the “Anti-inflation guarantee” logo and publish their prices on their website.
“I support this initiative I believe that in this way we will mainly help the population with low incomes,” said Vlčan.
Last year, the Slovak retail industry pledged not to increase its margins on more than a dozen basic foods. According to Krajčovič, the chains increased their prices less than their purchase prices of goods rose.
Food was 28.6 percent more expensive in Slovakia in February this year, as in January. Together, the costs of food and housing, including energy, account for the largest share of Slovak household expenses. The year-on-year inflation rate in Slovakia accelerated to 15.4 percent in February from 15.2 percent in January. It thus returned to the level of last November and December, when it was at a more than 22-year high.