PTAC: Basic food prices fell more than expected after VAT reduction
The Consumer Rights Protection Centre reports that after the introduction of the reduced 12% VAT rate, prices for milk, eggs, bread and poultry have fallen even more than initially projected. Most traders are applying the new rules correctly.
The Consumer Rights Protection Centre (PTAC) has announced changes in the prices of basic food products following the introduction of a reduced value-added tax (VAT) rate. According to the centre, the prices of milk, eggs, bread and poultry have dropped even more than forecasts had suggested before the measure came into force.
PTAC notes that most traders are applying the new regulation correctly. This means that the reduced tax rate is reflected directly in the shelf prices, not merely in internal paperwork. As a result, consumers are able to purchase these everyday staples at lower costs, which is particularly relevant for the basic shopping basket.
The centre continues to monitor the situation to ensure that all traders comply with the rules and that the benefit of the lower rate reaches buyers. Such oversight is essential to maintain fair competition and protect consumer interests. Current information from PTAC indicates that the price decrease has been larger than initial estimates, which can be seen as a positive development for households.
