Russia’s Federal Antimonopoly Service (FAS) suspects that retail chains are abnormally inflating the profit margin on bread. This was stated by the head of the Service, Maxim Shaskolsky, within the framework of the All-Russian Tariff Conference.
In addition, the FAS pays special attention to bread.
“In our opinion, in retail chains the profit margin is abnormally high for a product of such social importance. It may be high for other goods of no social importance, but for bread, in our opinion, it is excessive.” – Shaskolsky clarified.
The head of the FAS also highlighted the peculiarities of the policy of some retail chains.
“There should be no such margin in socially important goods. “Retail chains, which allow a high profit margin on bread, have a significant impact on price formation for the final consumer.” – he added.
The average high margins are, according to the FAS, 60%. But Service inspectors found 100% on some networks.
