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Zero VAT Impacts Prices of Consumer Goods in Past Month

While the prices of basic consumer goods have generally sharply increased in the past year, some have started to decrease in the past month, according to the latest report by the Consumer Protection Service’s basic consumer goods price observatory.

Although in June 2023 the VAT on eggs, milk and baby food was at zero, their prices have increased, the service said but added that at the same time, the price of baby diapers, which were also included in the list of zero-VAT goods, fell slightly.

Source: cyprus-mail.com

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