Tuesday, 28 June 2022

Oil, Flour and Hygienic Products See Biggest Price Hikes, Says Analysis

ZAGREB, 28 June 2022 - The prices of oil and flour increased the most among food products in Croatia in 2022, alongside those of various hygiene items, according to an analysis by the Ja Trgovac magazine.

According to the analysis of price trends for the 150 most important categories of food and other daily necessities, the price of edible oil has risen the most among food products (+33%) compared to the first four months of 2021.

It was followed by flour (+27%), frozen meat products (+25%), milk (+21%) and sports isotonic drinks (+20%).

There are some products that have not gone up in prices, such as alcohol, beer, chocolate bars, sausages, iced teas, dehydrated baby food, cocoa and ready-made sauces.

The analysis also shows that some prices decreased, such as baby drinks (-8%), baby teas (-12%), vinegar (-5%), refrigerated desserts and frozen bakery products (-3%).

Are stocks being created?

The quantity of oil sold has increased (+10%), which could indicate consumers are stocking up. In addition to oil, the quantity of packaged bread and toast, pasta, and fresh meat sold has also increased.

Sales, however, have decreased for most products that have increased in price, such as milk, cheese and coffee (-7%), ice cream (-10%) and frozen meat products (-17%).

Beer and cider have registered a decrease in sales (-17%), as has wine (-8%) and energy drinks (-13%).

For non-food products, the price of razors went up the most (+30%), followed by napkins (+23%), aftershave (+16%), laundry detergents (+15%), and so on.

The price of sanitary pads and tampons, baby wipes, air fresheners, face cleansers did not increase in price.

Price decreases were registered for toilet fresheners, stain removers, hair spray, this being attributed to discount sales by trademark brands.

Despite significant price hikes, the sale of deodorants, toilet paper, shower gels, facial wipes, hair conditioners and some other facial cleansers and care products increased.

For more, check out our lifestyle section.

Saturday, 4 June 2022

Citizens Won't Be Left at Mercy of Price Hikes, Deputy PM Says

ZAGREB, 4 June 2022 - Deputy Prime Minister Tomo Medved said on Saturday he was confident that at its session at the beginning of next week the government would adopt measures to stop energy price hikes, adding that citizens would not be left on their own.

"I'm confident that these measures we will adopt... will again be aimed at stopping the (price) growth and at helping our population, just as we have done throughout this time behind us," he told the press in Karlovac.

Medved said Prime Minister Andrej Plenković was working together with Economy Minister Davor Filipović and Finance Minister Zdravko Marić on concrete measures, including excise taxes and the possibility of cutting margins.

"We see that energy prices are rising. Croatia has dealt with that successfully so far, using every measure at our disposal. Our people certainly won't be left at the mercy of rampant energy price hikes."

Asked if the measures were late and about his stand on variable excises as mentioned by the opposition, Medved said "the opposition is proposing without responsibility and constantly criticising, which is understandable," but "the government has the responsibility and has so far reacted with timely and appropriate measures, and it will do so now."

He said he was confident that "citizens know, very much so, the effort the government is making so that they can weather the burden of these price hikes more easily, and we will come up with available measures to help them."

For more, check out our politics section.