GFM: from August 1, the rate of mandatory food price promotions will increase to 15 percent

The measure simultaneously protects families and pensioners from increased food prices due to war and sanctions, and contributes to further reducing sanction inflation. Mandatory price reductions for food started on June 1. The measure is effective: food prices have fallen, store chains are announcing new discounts one after the other, promotions are also contributing to the reduction of inflation.

In order to further increase price competition, the government has decided to increase the amount of mandatory in-store promotions by one and a half times – from 10 percent to at least 15 percent – from August 1. In addition, the government is withdrawing the food price freeze that has been in place for 1.5 years in such a way that the mandatory promotions also cover the affected product ranges. Basic foodstuffs will therefore continue to be available at favorable prices. Currently, the mandatory promotion covers poultry, pork and beef, fish and canned fish, meat products, milk, sour cream and substitute products, yogurt, other acidified products, other dairy products, cheese, butter, margarine and their products, other fats, bread, pastries, dry pasta, rice, other cereals, flour, sugar and preserved flour products, fresh vegetables, fresh fruit, fruit and vegetable juices, ready meals, spices, flavorings, coffee, tea, for mineral waters and soft drinks – classified the GFM.