Retailers ‘Ate’ One Third Of Food VAT Cut From 24% To 9%

06.02.2016 By Mădălina Dediu Panaete

Prices of food and non-alcoholic beverages rose by about 3.6% in the online stores of Carrefour and Cora in the first year of 9% VAT, which means about one third of the about 13% drop in prices that the VAT could should have led to, reveals the ZF food index.

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Keywords:
food
, vat
, cut
, price
, rise