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Rising Food Prices and the Emergence of Discount Stores in the Czech Republic

It is beginning to show that this year will not bring any big discount on food, as expected. On the contrary, after the retail chains made us literally a good day by discounting a few pennies, they are already preparing to raise prices again. Now no one will be able to accuse them of not discounting due to the lower VAT. They simply put it down to other influences and circumstances.

These stores keep going from strength to strength

So it’s high time to look around for alternatives. Unfortunately, for many, trips to Poland no longer work, as the exchange rate of the koruna against the zloty is strongly weakening and, in addition, the price of food there is also about to increase due to higher VAT. Similar reasons also put Germany at a disadvantage, although there it has always been more about quality than just about prices.

However, the inflationary crisis has caused new types of stores to spring up in the market to meet the demand for lower prices. These are the so-called discounts that you can find in every major city today, and there are often several of them.

They are usually called the Cheapest Foods, Cheap Foods, etc. Nowadays, they sometimes even form whole chains, but even if they are often owned by someone else, they have a very similar concept and you can usually find similar goods in them.

Foto: Shutterstock

Won’t buy anywhere else

The basis is always an emphasis on the lowest possible price, in such a way that in reality the prices are some 50 to 80% lower. “You get used to shopping here really quickly. I will make a big purchase here for thousands. Today it was just 800 CZK, but I would pay at least 3 thousand for it in Kaufland, for example.” recounts Ms. Zdena. Although she and her husband put together a net salary of 60,000 crowns, it was already difficult for them to shop in an ordinary supermarket.

Those prices stopped making sense to us there. How can I pay 60 crowns for a small ermine? Or 50 CZK for ten blankets of salami? I can get it here for a third and often even from Germany,” recounts Zdena, who alludes to the fact that these sellers often buy goods that are not intended primarily for the Czech market.

These are usually products that, for example, the distributor in Germany has already discarded, as the use-by date is approaching. But cheap stores in the Czech Republic are happy to take them over. They can then sell even after the minimum durability date, but it does not happen that the goods are defective. In reality, it will last for many days afterwards.

Foto: Shutterstock

2024-02-06 20:00:00
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