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Monday, May 27, 2024

Did the prices go down with zero VAT or not? (paintings)

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Answers are provided by the Price Observatory, which compares May prices with April prices.

Μειoθηκαν or oχι οι τιμeς μ&epsilon ; το μηδενικo ΦΠΑ; (πiνακες)

From May 5, the zero rate of VAT was implemented in seven categories of basic goods – bread, milk, eggs, baby food and diapers, hygiene products and adult diapers.

Let's see how much the prices of these products after the implementation of the measure.

Fresh milk

Around 4% was the average decrease in the price of fresh milk in May compared to with April.

Μειoθηκαν or oχι ο&iota ; τιμeς με το μηδενικo ΦΠΑ; (πiνακε ς)

Around 3% was the average decrease in the price of bread.

Μειoθηκαν or oχι ο&iota ; τιμeς με το μηδενικo ΦΠΑ; (πiνακε ς)

Infant milk

Around 2.8% was the decrease in the sale price of infant milk.

Μειoθηκαν or oχι ο&iota ; τιμeς με το μηδενικo ΦΠΑ; (πiνακε ς)

 Baby diapers

Around 15% was the price reduction on baby diapers.

Μειoθηκαν or oχι ο&iota ; τιμeς με το μηδενικo ΦΠΑ; (πiνακε ς)

It is noted that from the inspections of the Service it was evident that the measure of zero rate of VAT was universally applied to the 7 categories of products included in the Decree, with a reduction in prices and very positive impact on consumers, especially families with young children.

In conclusion, the assessment made for the month of May shows that prices are maintained at approximately the same levels, which reflects the maintenance of food inflation, which rose in the five months of January – May 2023, to 8.5% compared to the corresponding period last year , as in the first quarter. For the month of May, in a total of 45 categories of basic products, 25 categories recorded increases of more than 1% and 17 categories showed decreases, with the main decreases in greens, milk, bread, eggs, baby diapers, baby milk and feminine hygiene products.

Four (7%), rice (5%), Cypriot coffee (5%), oil (4.3%), frozen pasta (5 .3%), fresh fish (10.6%) and all categories of frozen fish 6-37% (molluscs, fish and breaded fish) and breaded meat (2.7%). A smaller increase was recorded in toilet paper (3.7%), softeners (3.3%) and laundry detergents (1.1%).

Source: www.kathimerini.com.cy

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