Beginning September 1, prices for up to 20,000 products across 23 categories in Serbian retail stores will be reduced, following a government decree that limits profit margins.
Key items expected to become cheaper include milk and dairy products, eggs, fresh and processed fruits and vegetables, bread and baked goods, legumes, frozen foods, meat and fish (both fresh and processed), beverages, coffee and tea, sugar and honey, flour and pasta, oils, vinegar, rice, salt and spices, household cleaning supplies, hygiene products, cosmetics, baby food, and diapers.
Finance Minister Siniša Mali stated that average price reductions will range between 10%, 15%, and 20%. The goal of the regulation is to prevent excessive price increases for essential goods and support market stability.
“This is part of a broader package of economic measures aimed at improving the living standard of Serbian citizens. Prices will drop for 80% of everyday items,” Mali said.
He also announced that a new set of laws is expected in October or November to address inflation caused by food price increases.
Additionally, starting October 1, the minimum wage in Serbia will be increased to €500.
