In Romania, the prime minister announced the extension of the margin limit for staple foods

By: Trademagazin Date: 2024. 01. 30. 10:10

In Romania, the effect of the decree limiting the margin applicable to staple foods, which entered into force on August 1, 2023, will be extended by another two months, which would expire on January 31 in the absence of the measure, Prime Minister Marcel Ciolacu announced on his social media page.

“I have decided to extend for 60 days the regulation on the margin limitation of basic foodstuffs. Romanian citizens still need stability in food prices, after the speculative frenzy of price increases in the past”

– the Agerpres news agency quoted the prime minister’s Facebook post.

According to Ciolacu, it is clear that the restriction restrained speculative price increases, contributed to the reduction of inflation and kept the purchasing power of the population at a level. He recalled: according to the data of the statistical institute, the prices in December 2023 were 5.8 percent higher compared to the prices in December 2022, while last June, when the Bucharest government made the decision to limit the margin, consumer prices were almost 18 percent higher than the June 2022 level.