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17 June, 2024
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Frozen fish and flour marked a substantial price increase

Most food categories remained stable with small fluctuations

Source: CNA

Frozen fish and flour recorded a high price increase, according to data published on Wednesday by the Consumer Protection Service of the Ministry of Energy, Commerce and Industry.

Although in most categories, prices remain stable with small fluctuations, some categories of basic goods show significant increases.

Specifically, compared to December 2022, in January 2023, 16 categories show a decrease of up to 3%, such as cold meats, cheese, sugar, bottled water, fresh meat/fish, cereals, and cookies, while from the remaining categories, moderate increases of up to 1%-3% are recorded in 22 categories, and significant increases are recorded in 4 categories.

The biggest increase was recorded in frozen fish and amounts to 31.4%. In flour, the increase is 6.4%, in frozen mollusks and breaded fish 5.6% and in frozen meat 4.2%.

Also, the price of greenhouse cucumbers increased by 10.3% and field cucumbers by 13.6%. It is noted that most of the increases observed in the remaining categories are not generalized to all products in the category, but to specific brands.

Additionally, increases were seen in vegetable shortening by 12.7%, and broths by 3-5.5%, while a specific brand of sunflower oil increased by 47.2%. Pasta of a certain brand increased from 6% to 12%. Brand-specific lentils and beans also saw an increase of 8% and 9% respectively.

A significant decrease of 9.5% was recorded in sugar in January, while the price of fresh potatoes was also reduced, by 13.7%. A 16% decrease was also recorded in a specific brand of laundry detergent. Individual reductions of 1-5% exist in various products, however, there are no general reductions in categories beyond the above. It is noted that most categories do not show a noticeable change.

Compared to January 2022, prices in almost all categories remain high. Indicatively, sugar has increased by 70.6%, tomatoes by 48.5%, cheeses by up to 62.5%, oils between 8-84%, and pork belly by 18%, while infant milk increased by about 15%. A significant reduction was observed only in cucumbers, with greenhouses ones reduced by 56.1% and field cucumbers by 42.8%.

The Consumer Protection Service clarifies that the data are prepared solely for consumer information purposes and in no way constitute advice and do not replace the research that each consumer is advised to do.


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