More reductions in products are expected for the November and December watch, due to the implementation of the measure for the zero VAT rate.
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Increases in toilet paper, frozen seafood, fabric softeners, gas cylinders, fresh meat and Cypriot coffee showed in the latest Consumer Protection Service Price Watch. The biggest increase was recorded in toilet paper, reaching 17.4% compared to the previous month. However, comparing to any other month of 2023, the price of this product in October is at lower levels. Specifically, the price index shows that since the beginning of the year the product index started with 127 points, reached 130 points in May and continued to fluctuate above 120 points in the following months. In September, the product price index fell to 102 points, which according to the Coordinator of the Competition Branch of the Consumer Service, Aliki Jordanou, seems to be attributed to the fact that the market recorded many offers in September, which pushed down the price of the product.< /p>
He explained that the increases recorded do not represent an increase in business profits but an increase in operational costs, and transport costs that are passed on to the final product.
When asked if we will also see discounts in food retail on period of Black Friday Mrs. Iordanou stated that regardless of Black Friday there are always offers in the supermarkets and nothing is expected to change this week, which is the week of Black Friday.
She also mentioned that for the observatory More reductions in products are expected in November and December, due to the implementation of the measure for the zero VAT rate. It is recalled that in December, a zero rate will be imposed on meat and vegetables, which means that, in addition to other changes, the Christmas table will be cheaper this year than last year's.
