Foodstuff prices to go up 20% in March, one month after gas price grows

The 8.5 percent increase in the price of gas results in a 7 percent increase in the price of foodstuff, the official explained. The increase in foodstuff prices will take place following different stages, starting February 1.

The largest increase, of up to 20 percent, will take place in March. Viorel Marin, the head of the employers in the bakery industry, said not all bread producers will increase prices as they face the risk of low sales. The official explained prices could lower if the government will reduce the VAT.

Domestic consumers will pay 8.5 percent more for natural gas starting February 1, due to higher imported gas prices and distribution tariffs, Romania’s gas market regulator today announced.

Gas supplier Distrigaz Sud will charge 989.55 lei per thousand cubic meters for domestic consumers with an annual consumption below 2,400 cubic meters. E.ON Gaz Romania, another provider, will charge 983.10 lei per thousand cubic meters, for same category of consumers.

ANRE recommended a price of 495 lei per thousand cubic meters for the natural gas produced in the country, versus the 470 lei paid in the last quarter of 2007.

Source: NewsIn