markup on socially important goods has decreased by 17% since August 2021 – Kommersant
[ad_1]
The head of the Federal Antimonopoly Service (FAS) Maxim Shaskolsky said that the average level of markups on socially important goods has decreased by 17% since August 2021. He spoke about this at a conference dedicated to antimonopoly regulation of pricing in commodity markets.
Mr. Shaskolsky provided data on the reduction of markups for all 25 categories of significant goods among the 11 largest federal retail chains. “If at the beginning of August 2021 the markup was 22%, now it is 5%,” said the head of the FAS (quote from TASS).
Federal retailers will limit markups on socially significant goods from 2022. In August 2023, 30 retail chains in 25 constituent entities of the Russian Federation joined the voluntary reduction. Fulfillment of obligations to reduce markups is controlled by the FAS. The reduction mechanism was developed on behalf of the government by the Ministry of Agriculture and the Ministry of Industry and Trade in 2022.
Socially significant goods include dairy products, bakery products, sugar and vegetables, basic types of meat, various cereals and pasta, tea, etc. Regional authorities have the right to independently determine the list of goods by issuing their own decree.
Read more in the Kommersant article. “The products will be conditionally free”.
[ad_2]
Source link
