Our neighboring country Slovenia is introducing price monitoring in the fight against expensive food and inflation. The cabinet wants to monitor food prices throughout the chain for the next six months.
That goes from farmer to retailer, Prime Minister Robert Golob announced on Wednesday. “We will find out who is making unjustified profits and has exorbitant margins.”
Supervision can be followed by regulation
The increase in food prices in Slovenia does not follow the downward trend in other European countries. “Apparently no voluntary measures have been taken in agriculture, the food industry and the retail sector,” the prime minister justified the crackdown. Based on price monitoring, margin regulation will also be examined.
“Only” 8.4 percent inflation, food the main driver
In May, inflation in Slovenia fell to its lowest level in the past twelve months. Inflation was 8.4 percent, compared to 9.4 percent in April. Food prices continued to be the main drivers, which rose nearly 15 percent year-on-year. The calculated inflation (HICP) for the European comparison was 8.1 percent in May.
Source: Krone
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