Arab Today, arab today czech food prices grow nearly 7 last year fastest in eu
Last Updated : GMT 06:30:27
Arab Today, arab today
Arab Today, arab today

Czech food prices grow nearly 7% last year, fastest in EU

Arab Today, arab today

Arab Today, arab today Czech food prices grow nearly 7% last year, fastest in EU

Prague - XINHUA

The consumer prices of food and non-alcoholic drinks in the Czech Republic grew by 6.9 percent in 2012, which was the fastest growth among all European Union (EU) members, a report said on Friday. According to the report compiled by the Institute of Agricultural Economics and Information (UZEI), the growth was driven mainly by a growth of value added tax (VAT) rate on food from 10 to 14 percent, a 7 percent rise in prices of imported food, and a growth in commodity and energy prices. Prices of food and non-alcoholic drinks in the Czech increased more than 2.5 times compared with the average growth in the entire EU. \"Beside a higher VAT and higher prices of agricultural commodities, food prices were also affected by a growth in imports of food from abroad, a growth in energy prices, inflation and then by retailers\' higher margins above all on higher-quality food,\" said Food Chamber spokeswoman Jarmila Stolcova. She said the consumer prices are decided solely by retailers, \"For this reason, we think that above all they (retailers) should explain the reason why they increased the price of food for consumers.\" The document shows that the growth of consumer prices was almost double that of food producers\' prices which rose by 3.4 percent year-on-year. The Czech Association of Trade and Tourism said food prices in the Czech recorded an artificial growth in 2012 which was pulled mainly by two VAT hikes. The association\'s president Zdenek Juracka said that retailers could no longer absorb this growth given their low margins. \"I would definitely rule out that the growth was caused by an increase in retailers\' margins because the margins are not rising,\" he said. Spending on food, drinks and tobacco accounted for 22.8 percent of the total consumer spending of an average Czech household in 2012. Compared with the rest of EU countries, the Czech ranks high above the average.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today czech food prices grow nearly 7 last year fastest in eu Arab Today, arab today czech food prices grow nearly 7 last year fastest in eu

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday