Consumers in Greece will see lower prices on thousands of supermarket
Consumers in Greece will see lower prices on thousands of supermarket items through the end of the year, following an agreement between the Ministry of Development, major retail chains, and 70 suppliers aimed at reducing household expenses.
The initiative, which expands the earlier “1,000 codes” price-cut program, now includes more than 2,000 product codes — a figure that exceeds initial expectations, according to the ministry.
Average 8% price reduction across categories
As of this week, supermarket shelves feature an average price reduction of 8% on a wide range of goods. The cuts vary by category and product:
- Personal care products: 236 items, 5%–13% decrease
- Breakfast foods and cereals: 56 items, up to 23% decrease
- Cheese: 34 items, 5%–35% decrease
- Sweets and chocolate: 68 items, 3%–17% decrease
- Oils and fats: 11 items, 5%–16% decrease
- Pasta: 38 items, 3%–5% decrease
- Coffee: 8 items, 5%–8% decrease
- Fresh meat: 3 items, 5%–7% decrease
- Government and industry statements
Greek Minister of Development Takis Theodorikakos said the initiative reflects a broader effort to control prices in essential goods despite global economic uncertainty. “We are fighting to keep prices in check and ensure fair competition, pressing the market to reduce profit margins wherever possible, for the benefit of society — especially those most affected,” Theodorikakos
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