The measure could bring the prices of the products down by more than 10%, the ministry said.

The ministry warned that failure to comply with the new regulation would result in the application of the profit margin to all food products.

As a last resort, the government could reintroduce regulated prices, it added.

The ministry noted that food price inflation had exceeded the 7% mark in February.

As the BBJ reported earlier, retailers’ association OKSZ said last week that the 10% cap on supermarkets’ profit margins on some staples should apply to all actors in the supply chain.