Supermarket chains across Greece are set to reduce prices on basic consumer products following a call from the Development Ministry.
By the end of October, prices are expected to drop between 6% and 15% on around 120 product codes, with over 600 additional items to be gradually included in the initiative.
The Greek Super Market Association (GSA) confirmed that the price reductions have already begun on supermarket shelves. This initiative is part of a wider effort, led by Development Minister Takis Theodorikakos, aimed at helping consumers manage rising costs. Both suppliers and organised retail sectors are actively participating in the program.
Government spokesperson Pavlos Marinakis, during a press briefing, emphasised that the price cuts are part of the government’s broader strategy to boost citizens’ disposable income. He also highlighted wage increases, with the minimum wage rising from €650 to €830 and the average wage from €1,046 to €1,300. Further wage hikes are anticipated, aiming to reach €950 for the minimum wage and €1,500 for the average wage by the end of the government’s term.
(Source: Amna)