Danish Prime Minister Expects Lower Food Prices After VAT Cuts

Grocery shoppers in Denmark may soon see lower prices at supermarket checkout counters. Danish Prime Minister Mette Frederiksen expects food, fruit, and vegetable prices to fall. She believes prices will drop in line with planned government VAT reductions. This expectation follows a recent meeting between Frederiksen and retail giant Salling Group.

Supermarkets expect these VAT cuts to pass directly into lower prices for consumers. Frederiksen also hopes that food producers will lower their prices accordingly. The government proposal includes plans to remove VAT on fruit and vegetables. This news was originally reported by The Copenhagen Post.