ECONOMY

Easter lunch to cost up to 2.29 pct more

The Easter celebration feast this year is likely to set consumers back more this year, even though many retailers have said they will absorb the cost of recent tax hikes, consumer group KEPKA said yesterday. The average cost of a meal for eight to 10 people is expected to range between 85.97 and 157.51 euros this year, depending on the quality of the products chosen, KEPKA said. This represents a price variance from last year’s levels ranging from -0.33 percent to +2.29 percent. ‘Despite the announcements from professional producers that they will absorb the increase in value-added tax, we see that some of them have slowly increased their prices, showing their indifference toward the fact that this year’s Easter festivities will be exceptionally difficult due to the economic crisis,’ it said.