Greece’s Development Minister Takis Theodorikakos said supermarket prices are expected to remain stable throughout the summer after major food producers and supermarket chains pledged not to introduce new price increases.
The announcement followed an expanded meeting at the Maximos Mansion chaired by Prime Minister Kyriakos Mitsotakis, which brought together representatives from Greece’s food industry and supermarket sector as the government seeks to ease the cost-of-living burden on households.
According to Theodorikakos, participating businesses committed to keeping supermarket prices unchanged during the two summer months.
Government Cites Easing Global Inflation Pressures
Theodorikakos said the improving situation in the Middle East is helping stabilize oil prices and reduce international inflationary pressures that had intensified in recent months.
“Addressing the issue of the cost of living and high prices for many of our fellow citizens is unquestionably a top priority for the government as a whole and for the Prime Minister,” he said.
The minister added that the easing of global pressures is expected to be reflected in consumer prices over the summer.
Discounts on 2,000 Products to Continue Through Summer
The commitment also covers around 2,000 products whose prices had already been reduced by an average of six percent in recent months.
According to Theodorikakos, those reductions resulted from the enforcement of the government’s emergency profit cap measure. Food producers and supermarket chains have now pledged to maintain those lower prices throughout the summer.
More Price Reductions Planned for September
Theodorikakos said the government is preparing what he described as a “national social agreement,” expected to launch in early September, aimed at securing broader price reductions on essential consumer goods.
“Our goal is to protect consumers,” he said.
The minister also noted that the government’s emergency profit cap measure is scheduled to expire on June 30.
