Consumers See Savings On TVs And Dairy As GST Rate Cut Lowers Prices

The largest success story for the average household is in the dairy sector (Image: Canva) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Actual price reductions for sensitive commodities following the Sept. 22, GST rate adjustments show a mixed but generally positive picture, with the consumer benefit exceeding expectations in key sectors while lagging in others.

The nationwide monitoring of these price changes indicates that vendors have largely passed on the tax benefits, though not always in line with the expected percentage decrease.

The largest success story for the average household is in the dairy sector. Essentials like Cheese, which saw its rate cut from 12% to 5%, delivered an actual price drop of 7.91%, a notable saving that exceeded the expected 6.25% decrea