Lower prices are expected at Christmas. We expect a cheaper December compared to 2022. There will be a hold on prices for the main food products – pulses, sugar, pork and chicken meat, cheese and yellow cheese. There is a reduction in oil and butter. Fruits and vegetables are at higher prices due to the bad harvest – higher prices of onions and potatoes are expected,” Vladimir Ivanov, chairman of the State Commission for Commodity Exchanges and Markets, said on BNT.
According to him, the idea of reducing prices with the “Affordable for you” initiative remains and there was no idea of ending it.
“The measure should start from November 15. There is a great desire for the measure from both large and small commercial entities. The initiative is very good – it gives more information to the customer, it does not aim to bring zero prices and maintain them for a long period of time “, added Vladimir Ivanov.
He explained that the goal is to have a choice in pricing, to have a transparent interaction between demand and supply.
“We are talking about 7 product groups, for about 50 products, but there is no limit on the number of products. We are not thinking about price regulation. The brochures will be widely available. I am convinced that the effects of the initiative will be positive”, commented Vladimir Ivanov and noted that the market is currently stabilized.
Tags: chairman state commodity exchange predicts prices Christmas
