Increases in basic products are recorded by the Consumer Protection Service of the Ministry of Commerce. Mesimeri and Kati hosted Aliki Iordanou, the head of the competition sector, who spoke about which products the new increases concern.
Initially she said that milk does not show an increase this month. "An increase in the price of milk has been observed and we hope that no further increase will need to be imposed.
He added that there is inflation in raw materials. "We have to compete in product exports with other countries that produce at a lower cost".
He clarified that in the January quarter – March recorded a 9% increase in products compared to last year's period. "36 out of 45 categories show increases. The biggest increases are in baby food, evaporated milk and sweetened with a rate of 9% – 9.5%».
He emphasized that the rest of the increases range from 3%-5% and concern baby diapers, rice, frozen burgers, eggs, cold meats, water, cheeses and gas».
Continuing, he mentioned that the The Ministry proceeded with an investigation regarding the increases in LPG and whether they are justified by the data. "They are really justified and a thorough investigation has been done and all the companies have come to the Ministry. The increases concern the increase in the cost of travel to Vasiliko and the change in cost methodology.
Ms. Iordanou said that "we hope that there will be no more increases because they have already been imposed. There is always uncertainty due to the interest rates which increases the cost of borrowing.
Furthermore, he clarified that the Ministry Service does not record prices in hotels in Cyprus.
