"All the focus was around the VAT reduction itself on April 1 and many chains lowered their prices up to a week in advance," says the site's CEO, Ulf Mazur, in a press release.
The price of cheese fell 6.5 percent in March. Sausages, ice cream and snacks fell 4 percent.
At an annual rate, food prices decreased by 3.1 percent, according to the site.
On Tuesday, Statistics Sweden published preliminary figures showing that prices for food and non-alcoholic beverages only fell 1.0 percent in March compared with February. At an annual rate, prices were unchanged.
The difference can be explained by the fact that Statistics Sweden measures prices during the week of the 15th, as well as the week before and after. The Food Price Survey makes its measurement on the last day of the month.
The VAT on food in stores will be halved from 12 to 6 percent as of April 1. The reduction also includes takeaway food from restaurants and cafes, while the VAT on food consumed on-site will remain at 12 percent. Shipping fees for courier deliveries will continue to be taxed at 25 percent VAT. The tax reduction is temporary and applies until December 31, 2027.
Source: Government
