Government liberalises prices of eggs and some breads

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April 22, 2016 18:53

The Economy Ministry regulation of June 26, 2014 No 49, has excluded eggs and some types of bread from the list of socially important goods. This will result in price hikes on these products. This step will result in other prices going up too.

Meanwhile, the financial health of enterprises producing these goods will somewhat improve. The financial health of various producers suggests that the list of socially important goods will continue to shrink in the future. Furthermore, since it is obvious that inflation indicators in 2014 will be higher than planned, the state will continue increasing prices on various groups of goods and services in order to restrain income growth and reduce budget subsidies for lower prices. 

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