As inflation concerns loom, the Greek Ministry of Development is set to extend a regulation preventing companies from marketing price reductions as “special offers” after price hikes, potentially making it permanent. Aiming to ease consumer burdens, the Ministry is also highlighting 1,000 essential products with recent price drops to encourage further reductions. Minister Takis Theodorikakos has urged supermarkets to revive last year’s successful discount program, though retailers insist suppliers must lead the effort. Despite challenges from a new Code of Conduct, August data shows near-zero supermarket inflation, except for globally-driven price rises in cocoa, coffee, and meat.
Tag: Price hikes
Coffee and chocolate prices in Greece are expected to rise by 10–12%, driven by global commodity cost increases, according to Trade General Secretary Sotiris Anagnostopoulos. While olive oil prices may drop by 25%, the government is promoting tools like the e-katanalotis platform and a new mobile app to enhance price transparency and combat profiteering.
Coffee prices in Greece are skyrocketing as global costs reach near 50-year highs, with cappuccino freddo now costing up to €5.50. Supermarkets and cafes report price hikes of 15% to 30%, driven by soaring Arabica prices and compounded by Greece’s Special Consumption Tax on coffee. Industry leaders are urging tax reform to ease the burden on businesses and consumers alike, as coffee increasingly shifts from a staple of Greek culture to a luxury item.
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