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Serbia caps bread prices

Author Senad Dedeic
Serbia caps bread prices Source: Government of Serbia

BELGRADE (Serbia), August 5 (SeeNews) - Serbia’s government has set a mandatory limit of 53.50 dinars (0.46 euro/$0.47) on the retail price of a loaf of bread made from the most common T-500 type of wheat flour, the trade ministry said.

The maximum producer price of a loaf of bread made from T-500 flour is capped at 45.88 dinars, the ministry said in a press release on Thursday.

The highest margin rate for all other types of bread, calculated on the net invoice price minus rebates and discounts, is set at 40%.

The price limits will take effect on August 9 and will be in force for 30 days.

(1 euro = 117.357 dinars)

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