Governmental threat: price caps, state intervention come if market players refuse to decrease food prices

The National Economy Ministry pointed to the need to stop “unacceptable” price increases and called on retail chains to indicate their plans to voluntarily cut staple food prices by early next week in a statement on Wednesday.

The ministry listed chicken, pork, cooking oil, eggs, milk, dairy products, flour and sugar as the staple products where prices must be reduced in order to protect families and pensioners from food inflation.

Finally, the ministry said that if the voluntary price limitation does not yield results, the National Economy Ministry is ready to resort to official measures to intervene against price increasers.

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