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Increases in flour, yogurt, frozen. Prices rose in 31 basic product categories in January (TABLES)

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    Α&upsilon ;ξorσεις σε αλεyρι, γιαοyρτι, κατε&psi ;υγμΕνα. ΑνΕβηκαν τιμΕς σε 31 κατηγ&omicron ;ρiες βασικoν προioντων τον Ιανουα&rho ;ιο (ΠΙΝΑΚΕΣ)

    Price increases in 31 of 45 major categories of products – Data released by the Observatory of Basic Consumer Goods for the month of January 2024

    The Consumer Protection Service announces the Observatory Prices Consumer Products strong> for the month of January 2024. The Observatory presents the weighted average price for 250 basic consumer products(food and other products) based on the quantities and prices per day, at which these products were made available in 400 retail stores throughout Cyprus throughout the month.

    The Observatory's purpose is to make available to the consumer an objective comparative impression of purchase prices from all retail stores, supermarkets, bakeries, bakeries, kiosks, etc.

    In conclusion, the valuation made for the month of January demonstrates that maintaining the rate of inflation at December levels (1.7% vs. 1.6%) is basically due to the big change in the clothing and footwear categoryby -13%, while the category food and non-alcoholic drinksregistered a positive change of 0.15%. Compared to January 2023, an increase of 2.81% is recorded in the food category, mainly due to the increase of 4.4% in agricultural products. These increases are also reflected in the prices recorded by the January Observatory, in which, as shown in detail in the Service's Table with the price indices for the month of January, in a total of 45 categories of basic products, 31 categories recorded an increase, of which 15 categories in percentage beyond 3%.

    1 of 2

    Αυξorσεις σε αλε yρι, γιαοyρτι, κατεψυγμeνα. Ανeβη&kappa ;αν τιμeς σε 31 κατηγορiες βασικoν π ροioντων τον Ιανουαριο (ΠΙΝΑΚΕΣ)

    Αυξorσεισ σε αλε yρι, γιαοyρτι, κατεψυγμeνα. Ανeβη&kappa ;αν τιμeς σε 31 κατηγορiες βασικoν π ροioντων τον Ιανουαριο (ΠΙΝΑΚΕΣ)

    1 of 5

    Αυξorσεισ σεαλε yρι, γιαοyρτι, κατεψυγμeνα. Ανeβη&kappa ;αν τιμeς σε 31 κατηγορiες βασικoν π ροioντων τον Ιανουαριο (ΠΙΝΑΚΕΣ)

    Αυξorσεισ σεαλε yρι, γιαοyρτι, κατεψυγμeνα. Ανeβη&kappa ;αν τιμeς σε 31 κατηγορiες βασικoν π ροioντων τον Ιανουαριο (ΠΙΝΑΚΕΣ)

    Αυξorσεισ σε αλε yρι, γιαοyρτι, κατεψυγμeνα. Ανeβη&kappa ;αν τιμeς σε 31 κατηγορiες βασικoν π ροioντων τον Ιανουαριο (ΠΙΝΑΚΕΣ)

    Αυξorσεισ σεαλε yρι, γιαοyρτι, κατεψυγμeνα. Ανeβη&kappa ;αν τιμeς σε 31 κατηγορiες βασικoν π ροioντων τον Ιανουαριο (ΠΙΝΑΚΕΣ)

    Αυξorσεισ σεαλε yρι, γιαοyρτι, κατεψυγμeνα. Ανeβη&kappa ;αν τιμeς σε 31 κατηγορiες βασικoν π ροioντων τον Ιανουαριο (ΠΙΝΑΚΕΣ)

     

    Specifically, vegetable cooking fat by 16.7%, flour by 11%, almost all frozen foods with first frozen molluscs/shellfish by 10.4%, frozen fish by 7, recorded a significant increase compared to December. 9% frozen breaded meat by 5.1%, frozen pasta by 3.1%, yogurt by 5.6%, eggs by 5.4%, juices by 5.3%, Cypriot coffee by 4.4%, soft drinks by 3.9%, fresh fish/molluscs by 3.8% and oil by 3%.

    A decrease was registered in vegetables/greens by 24.3%, sugar by 12.4%, fresh meat by 7.9%, burgouri by 3.9%, cured meats by 2.7%, cheeses by 2, 1% and pretzels 2.1%.

    In the context of continuous monitoring of the market and recording of trends, as they evolve from international and domestic conditions, the Service has again proceeded on 13/2/2024 to record the prices of 55 common and very important products for the household in 3 Nicosia supermarkets . As can be seen in the Comparative Observatory, the difference in the value of the most expensive basket from the cheapest amounts to 8% or €243.24 against €225.06 with the middle basket at €237.81. Additionally, the benefit to the consumer from the application of the zero VAT rate to the 11 products covered by the measure amounts to between €7.23 – €7.76 in total purchases worth approximately €95 depending on the supermarket.

    Αυξorσεισ σεαλε yρι, γιαοyρτι, κατεψυγμeνα. Ανeβη&kappa ;αν τιμeς σε 31 κατηγορiες βασικoν π ροioντων τον Ιανουαριο (ΠΙΝΑΚΕΣ)

    Αυξorσεισ σεαλε yρι, γιαοyρτι, κατεψυγμeνα. Ανeβη&kappa ;αν τιμeς σε 31 κατηγορiες βασικoν π ροioντων τον Ιανουαριο (ΠΙΝΑΚΕΣ)

    It is reiterated that the Consumer Protection Service continues intensively the controls regarding the implementation of the measure of the zero VAT rate, recording prices of 88 products from all approved categories, in nine different supermarkets in 58 points of sale throughout Cyprus. The current assessment of the implementation of the measure, based on the findings of the audits, is that this has a positive effect on prices and by extension on inflation, as long as prices are restrained and in approximately 72% of products prices have remained at the levels of May 5 when the measure was implemented. According to the findings of the last audit carried out on 12/2/2024, compliance is universal with rates for milk, bread, vegetables, sugar, coffee and baby diapers at 75-100% and for other products at a lower rate.

    The Consumer Protection Service clarifies that the Price Observatories are prepared exclusively for consumer information purposes and in no way constitute advice. Price Watchers are not intended and cannot substitute for the market research that each consumer should do based on their own preferences, data and needs, nor are they intended to indicate to consumers which points of sale to choose or specific products.

    It is particularly noted that some of the products included in the Observatory have quality differences, which cannot be determined. To this end, the Service urges consumers to do substantial market research before proceeding with purchases, taking into account the results of the specific Observatory.

    The detailed data of the Observatory are provided HERE.

    Source: cyprustimes.com

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