Fiala: Czech food prices sees largest drop among OECD countries

Food prices in Czechia have now fallen by roughly 3.8 percent year-on-year, which is the largest drop in any OECD country, Prime Minister Petr Fiala said on Thursday at the annual agricultural trade fair Země živitelka. He attributed the fall in prices to government pressure and measures introduced, such as a reduced VAT rate on food.

Agriculture Minister Marek Výborný said that prices were now "reasonable" and further reductions were no longer possible, because it would harm farmers and fruit growers.