Cyprus’ e-kalathi debate becoming tiresome
The ongoing debate in Cyprus’ House Commerce Committee regarding the Retail Price Recording and Monitoring Bill has become both tiresome and contentious. It’s veering into the territory of political disputes, trivial expediency, and straying from its core purpose.
Let’s revisit the essence of this proposal: The e-kalathi, akin to e-katanalotis in Greece, revolves around the daily tracking of product prices in supermarkets. These prices are then promptly made available on a digital platform, enabling consumers to identify where they can obtain the best deals. The prior proposal centered on the Household Basket, mirroring Greece’s model. It entailed compiling a list of essential goods designated by the relevant ministry, aiming to maintain prices within 50 product categories for consumers’ benefit. However, this proposal didn’t move forward, leading to the emergence of the e-kalathi. Therefore, it’s perplexing when those who previously opposed the Household Basket now wield it as an argument against implementing the e-basket.
It’s disconcerting that, since 2022, efforts have been made to introduce a tool to combat prolonged food inflation, either directly (Household Basket) or indirectly (e-kalathi), but progress remains sluggish. If we can’t anticipate swift cooperation from supermarkets or suppliers, it raises the question: Should we not expect more from MPs? When an hour of debate is devoted to defining businesses that will disclose product prices in the House of Commons Trade Committee, it’s clear that discussing the entire bill won’t be straightforward.
Arguably, the only valid concern is that e-kalathi may negatively impact small supermarkets. Nonetheless, it’s worth noting that this category of stores has a dedicated following. Shoppers frequent them not solely for lower checkout costs but also due to proximity, convenience, support for local businesses, a preference for less crowded spaces, or the personalized service they offer. This choice ultimately lies with the individual and isn’t solely dictated by price comparisons.
At the end of the day, there are more pressing issues demanding the attention of those in power which burden consumers’ wallets and significantly affect their daily lives. Fuel prices, electricity bills, housing expenses, and rising interest rates should take precedence.
