welcome
Yle News

Yle News

Business

Business & Economics

How much will groceries cost after proposed food VAT decrease?

Yle News
Summary
Nutrition label

78% Informative

Finnish government to reduce the value added tax ( VAT ) on food products from the current 14 percent to 13.5 percent .

But that change is expected to have minimal impact on consumers' disposable income.

The Consumer Union is sceptical whether the VAT reduction will be fully included in food prices.

Retailers say they plan to pass the savings on to customers.

VR Score

87

Informative language

92

Neutral language

72

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links