Trade : Food prices would have doubled in the absence of hyper- and supermarkets

Modern retail trade has contributed to a 34-percent drop in food prices over the past 11 years, with the influence being the strongest in 2006-201, when food prices would have doubled, had it not been for hyper- and supermarkets, economist Liviu Voinea told a seminar on trade competition on Wednesday.A study presented by Voinea indicates that in 2000-2011, aggregate food price inflation was 113 percent, which would have been 157 percent in the absence ...

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