22/12/2004 13:46
According to a Consumers Association survey released on Wednesday, prices in super markets are cheaper than those in kiosks and bakeries. The prices between the super markets and the kiosks and the super markets and the bakeries differ significantly, while fluctuations in prices among the supermarkets are more reasonable.
Super markets Vs Kiosks
According to the survey carried out to super markets, kiosks and bakeries in Nicosia, the average price of products stands from 1.7% (full fat Charalambides milk 1L) to 92.07% (Palmolive liquid soap 300 ml). The comparison between the cheapest super market and the most expensive kiosk shows that the same product (Palmolive soap) is sold 179.41% more expensive than kiosks. It is worth noting that the cheapest kiosks compete the most expensive super markets.
Super markets Vs Bakeries
Similarly, the average price of products sold by bakeries is more expensive from 1.5% (Charalambides milk) to 42.69% (Nestle Kit Kat 48 gr).
Super markets Vs Super markets
The prices of products in the super markets diverge by 11%, except for certain goods where divergence is wider. The fluctuations in the average price of goods compared to 2003 are marginal. For instance, KEAN Orange Juice (1L X4) showed an increase of 1.72%, Coca Cola Can (330 ml X 8) dropped by 3.93% and Laiko Cyprus Coffee increased by 0.96%. Products such as the British brandy recorded sharp increase due to the island’s accession in the EU.
Prices per district
Super markets in Larnaca are the cheapest, the survey reported. A market basket in Nicosia costs £98.9, in Limassol £101.4, in Larnaca £97.4, in Paphos £101.8 and in Famagusta £98.4.
“We don’t give blank cheques”
Chairman of the Consumers Association, Petros Markou expressed his satisfaction on the small divergence among the prices, since it shows that there is “competition among the super markets”. Mr. Markou avoided revealing which is the cheapest or the most expensive super market, stressing that this cannot be drawn by the specific survey. “We will not give a blank cheque to any super market”, he noted. Mr. Markou urged consumers to “search, compare and choose” and expressed his concerns on the cases of food that have gone off.
Survey
The survey was carried out on December 6 to 38 large super markets of the country. The sample contained 50 products. The survey on the comparison between the supermarkets and the kiosks and bakeries was carried out on December 7 to20 kiosks and 14 bakeries. The sample contained 28 and 18 products respectively.
Super markets Vs Kiosks
According to the survey carried out to super markets, kiosks and bakeries in Nicosia, the average price of products stands from 1.7% (full fat Charalambides milk 1L) to 92.07% (Palmolive liquid soap 300 ml). The comparison between the cheapest super market and the most expensive kiosk shows that the same product (Palmolive soap) is sold 179.41% more expensive than kiosks. It is worth noting that the cheapest kiosks compete the most expensive super markets.
Super markets Vs Bakeries
Similarly, the average price of products sold by bakeries is more expensive from 1.5% (Charalambides milk) to 42.69% (Nestle Kit Kat 48 gr).
Super markets Vs Super markets
The prices of products in the super markets diverge by 11%, except for certain goods where divergence is wider. The fluctuations in the average price of goods compared to 2003 are marginal. For instance, KEAN Orange Juice (1L X4) showed an increase of 1.72%, Coca Cola Can (330 ml X 8) dropped by 3.93% and Laiko Cyprus Coffee increased by 0.96%. Products such as the British brandy recorded sharp increase due to the island’s accession in the EU.
Prices per district
Super markets in Larnaca are the cheapest, the survey reported. A market basket in Nicosia costs £98.9, in Limassol £101.4, in Larnaca £97.4, in Paphos £101.8 and in Famagusta £98.4.
“We don’t give blank cheques”
Chairman of the Consumers Association, Petros Markou expressed his satisfaction on the small divergence among the prices, since it shows that there is “competition among the super markets”. Mr. Markou avoided revealing which is the cheapest or the most expensive super market, stressing that this cannot be drawn by the specific survey. “We will not give a blank cheque to any super market”, he noted. Mr. Markou urged consumers to “search, compare and choose” and expressed his concerns on the cases of food that have gone off.
Survey
The survey was carried out on December 6 to 38 large super markets of the country. The sample contained 50 products. The survey on the comparison between the supermarkets and the kiosks and bakeries was carried out on December 7 to20 kiosks and 14 bakeries. The sample contained 28 and 18 products respectively.
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