Skrekas: Price reductions of up to 15% in important product categories, after March 1

“From Friday onwards, when the package of measures we have taken to deal with soaring prices will be implemented in its entirety, we will see prices that are up to 15% lower in important product categories. Categories such as household cleansing products, personal hygiene products, baby diapers, but also a series of consumer goods that are essential in the life of households,” Development Minister Kostas Skrekas said on Tuesday, on the public television channel ERT1. Regarding the price of baby formula, he said the prices will approach the European average after March 1.

Skrekas announced that the price reductions in baby formula and in all product categories will be made public, so that consumers can see what the price of these products was before the implementation of the measures and after the implementation of the measures.

“We all recognise that the foremost issue that Greek families have to contend with are the high supermarket prices and, for this reason, the main priority of the government is to tackle this big problem,” the minister said, adding that 25,000 inspections have been carried out and more than 12 million fines have been imposed for unfair profiteering.

“We believe that the measures we have taken so far, combined with the measures that go into effect from March 1, will lead to a gradual de-escalation of inflation,” the minister noted.

Skrekas: Price reductions of up to 15% in important product categories, after March 1https://t.co/pwyOdJSKiM pic.twitter.com/3vHH4kLEcJ

— ANA-MPA news (@amna_newseng) February 27, 2024