Spectator on facebook

Spectator on facebook

Food prices fall, most in last five years

EASTER shopping will not draw more money from Slovaks’ wallets than last year.  Food prices decreased almost each month over the last year and thus today people can buy more for the same sum than during the same period of the last year. 

Food prices keep falling.(Source: SITA)

A similar decline in food prices was visible for the last time in 2009, the Pravda daily wrote.

Only in February food prices decreased by almost 2 percent year on year, according to the Slovak Statistics Office. This is a result of a good corn harvest keeping prices of bread and pastries low. The drop in crude oil prices was important too, reducing energy prices. This is reflected in lower meat prices.

“Consumers should buy the whole assortment of pork meat and products from it cheaper than last year,” Anton Fabuš from the Púchovský Mäsový Priemysel meat processing company supplying three of the large Slovak retail chains told Pravda. It is selling popular smoked ham and rolls 9 percent cheaper than last year.

The decline in food prices means that the annual inflation has stopped for a while, but the 15-year comparison shows that prices keep growing. While a shopping cart of certain goods cost €100 in 2000, the customers had to pay €143 for the same products in 2013. This year it is about €140. On the other hand, the average wage in 2000 was €380; in 2014 it was €858. Thus wages grow faster than prices of food while the decline in food prices is a global trend. 

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Economics


Top stories

Spectacular Slovakia #3: Unexpected hiking (Enjoy Bratislava's greenery) Audio

In Slovakia, you can hike in the capital city. Listen to the latest episode of our travel podcast to find out more.

The Financial Administration’s head resigns from post

František Imrecze says his decision was spontaneous.

František Imrecze

People will gather to support imprisoned Ukrainian filmmaker

The open letter in support of Sentsov has been signed by more than 2,800 people.

People hold posters to support Ukrainian filmmaker Oleg Sentsov, who is currently on hunger strike in a Russian jail to demand the release of the other Ukrainian hostages taken by the Kremlin, in front of the Embassy of the Russian Federation in Kiev on August 21, 2018.

Institutions can be quickly destroyed, but they are hard to build

Head of the To Dá Rozum intiative, Renáta Hall, talks about the impacts of a dispute between the academy of sciences and the Education Ministry.

Renáta Hall