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[PIO] Consumer Staples Observatory for July 2023

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The Consumer Protection Service announces the Consumer Product Price Watch for the month of July 2023. The Observatory presents the weighted average price for 250 basic consumer products (food and other), based on the quantities and prices per day at which these products were sold in 400 retail outlets nationwide throughout the month.

The purpose of the Observatory is to provide the consumer with an objective comparative reflection of purchase prices from all retail outlets, supermarkets, bakeries, bakeries, bakeries, kiosks, etc.

In conclusion, the assessment made for the month of July shows that prices show increases in most product categories, especially food, which reflect the published data of the Statistical Office, according to which inflation in the food sector in the period January - July 2023 amounted to 8.9% compared to the same period last year. The corresponding inflation rate in the six months of January - June 2023 was 8.75%. Moreover, comparing with the previous month of June 2023, there is an increase of 1.21%, which is due to a 3.0% increase in the prices of fresh and processed agricultural products.

As shown in the Table of price indices for the month of July, out of a total of 45 commodity categories, 13 categories recorded a decrease, with the main ones being LPG cylinder by 5.7%, fresh fish by 15%, evaporated/sweetened milk by 2.8% and pulses by 1.2%, while a decrease was also observed in baby food prices by 1.2%.

Of the 32 categories that showed an increase, the most significant were greens at 25.3%, frozen fish 2%-5.5%, sugar 3.7%, coffee 3.3%, water 3.3% and other products at a lower rate.

It is reiterated that the Consumer Protection Service continues intensive checks on the implementation of the zero VAT rate measure, recording the prices of 65 products in nine different supermarkets, namely in 58 points of sale nationwide.

The Consumer Protection Service clarifies that the Price Observatories are prepared solely for consumer information purposes and in no way constitute advice. The Price Observatories are not intended to and cannot replace the market research that each consumer must carry out on the basis of his or her own preferences, data and needs, nor are they intended to indicate to consumers the points of sale to choose or specific products.

In particular, it should be noted that some of the products included in the Price Observatory have qualitative differences which cannot be determined. To this end, the Service encourages consumers to carry out meaningful market research before making purchases, taking into account the results of this Observatory.

The detailed data of the Observatory are provided at website of the Consumer Protection Service.

(AF/SX)
Contents of this article including associated images are owned by PIO
Views & opinions expressed are those of the author and/or PIO

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