Naslov
The impact of inflation on restaurant prices in Croatia in the tourist season 2022

Autori
Miljak, Toni ; Perman, Luka ; Lozić, Ines

Izvornik
Economic and social development (1849-7535) 81 (2022); 61-68

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
financial result, inflation, price calculation, tax reform

Sažetak
Inflation, ie the process of increasing prices in the country where money loses its value, results in changes in costs, consumption, production, investment, savings and budget. During 2021, and especially at the beginning of 2022, prices at the level of the European Union began to rise sharply. There are many causes of this growth. First of all, these are the increase in energy prices and the synergy effect on other activities. EU member states are trying in various ways to curb rising prices to help maintain citizens' standards. In order to reduce the effect of chain price increases, the Republic of Croatia adopted amendments to the Value Added Tax Law which reduced VAT rates on gas as energy and food. In addition, the authors of the paper conducted research on restaurants in the Republic of Croatia and their preparations for the upcoming tourist season. The aim of this paper is to investigate whether these measures to reduce the VAT rate will affect the formation of prices in restaurants and what financial results are expected by caterers at the end of the season.

Izvorni jezik
Engleski

Napomena
81st International Scientific Conference on Economic
and Social Development – ''Green Economy &
Sustainable Development''

POVEZANOST RADA