In response to the international economic crisis, the government is actively implementing measures, including subsidies on energy, fuel prices, and assistance for grains, flour, and cereals. Moreover, the Ministry for the Economy, Enterprise, and Strategic Projects, representing the Maltese Government, has successfully negotiated an agreement with major food importers and retailers to tackle the price fluctuations in food triggered by global economic uncertainty.
This collaborative effort, established after extensive discussions, aims to reduce the Recommended Retail Price (RRP) based on October 2023 rates, of fifteen essential food item categories by a minimum of 15%. The adjustment in the final consumer price (shelf price) takes effect from February 1, 2024, ensuring price stability in essential food items until the end of 2024.
Recent research indicates that the essential foods covered in this initiative are the most consumed items in the population, encompassing a list of over 400 products from various brands. Participating retail stores and items will prominently display the Stabbiltà logo.