The Belarusian authorities are expanding state regulation of prices for a number of products

Published 2021년 6월 9일

Tridge summary

Due to a surge in global food prices, Belarus has increased state regulation of prices for socially significant goods. The Ministry for Anti-Monopoly Regulation and Competition Protection (MARCH) has issued a resolution to regulate the prices of several food products, including meat offal, canned beef stew, canned pork, live and frozen fish, margarine, instant coffee, black tea, and table salt. The resolution also changes the approach to price regulation, setting a maximum surcharge for certain products. This comes as Belarus sees an annual consumer price growth acceleration, with global food prices increasing by 37.5% in May 2021.

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Original content

"Against the background of rising world food prices, there is an acceleration of the annual growth of consumer prices in the Republic of Belarus. In this regard, MARCH has expanded state regulation of prices for socially significant goods, "- said in the Telegram-channel of the agency. According to the report, MARCH adopted a resolution on June 1 "On regulation of prices for socially important goods", which will come into force after its official publication. It provides for the convergence of lists of goods for which price regulation is carried out in accordance with the February government decree "On temporary measures to stabilize prices for socially important basic necessities." "The decree introduces regulation of prices for a number of food products: pearl barley, meat offal, semi-smoked sausage, boiled and smoked, canned beef stew, canned pork, live fish, frozen fish (fillets and processed), margarine, time sweet, instant coffee, black tea, table salt, "the press service ...

Source: MilkUA