The National Initiative for the Reduction of Prices, which began on August 31, and is expected to end by December 31, is considered a positive move but not capable of decisively limiting household spending.
This is because the price reduction does not apply to all product codes. Also, the reductions are simply not enough to counter the price hikes in recent years, which are multiple times more than the reductions that the industries and retail companies agreed to.
There are three more factors that essentially offset the benefit from the initiative.
The first reason is, despite the significant increases in the minimum wage in recent years, the average wage for the majority of workers remains at particularly low levels.
Second, even if the supermarket bill is reduced, the same is not the case with a number of other basic expenses.
