Up to 15-20% are the price reductions in many products, based on what he reported, speaking to Real fm, the Minister of Development, Kostas Skrekas, making a first assessment of the course of prices once morest inflation that started on March 1.
As noted by Kostas Skrekasin view of Lent and what is happening in Red Sea the ranks of DIMEA are intensifying efforts for controls on imported frozen products and also on imported types of orange juice, where internationally, there is a jump in prices due to the climate crisis.
“We are monitoring the prices on the shelves from DIMEA” stressed Mr. Skrekas and noted that the ministry has received the price lists from the chains and as recorded there are reductions in almost 4,000 codes. “In 3912 codes out of 24,000 that a supermarket has, price reductions have been recorded. The provision to reduce the price affects” he noted.
“If you do a survey of the market you will find that price hikes have been prevented. The provision we passed has prevented thousands of revaluations. We have a reduction in price increases by 80%,” he emphasized, referring to the effectiveness of the measure with the “freezing” of price increases and the associated right to bids, which accompanies it.
“We have price reductions. We are seeing the first signs of de-escalation. Compared to December, the reduction in food inflation is around 15-20%. It has fallen below 8%. On the other hand, the General Index, with energy, personal hygiene items, clothes, etc., there we have even lower inflation approaching 3%.
We will not stop to achieve our goal” said Mr. Skrekas and added: “We are not celebrating, since the effort cannot pay off overnight. We are moving forward with structural measures, which, however, are also recognized by other parties. The battle does not stop. We will continue to try” added the minister.
Imported
In relation to the imported items, which have an increased demand during this period of Halloween and Lent, he said that controls are being intensified for cases of ill-gotten gains. “Generally on imported inflation, he noted, there’s not much we can do since we’re a small market.
We continue checks to prevent the phenomenon of profiteering, for example in frozen and orange juice, where there are major damages to the crops. We control profit margins to prevent unfair practices and the temptation to earn more.”
Baby milk
According to the newsit, in relation to the baby milk he said that there is a systematic control of the companies, “For the baby milk we announced what the prices are. We got what the prices are in other countries. We had cooperation with the Competition Commission. We found that here they were higher than average. These measures have led to the price moving towards the European average. We check if they are compliant. If we see that someone has not followed, we will impose measures.”
Good prices to the producer
In relation to the prices recorded for some products or oil or oranges, Mr. Skrekas emphasized that “the Greek farmer also sells based on international prices. If we force him to pay half the price, the foreign companies will come and take them.
We are trying, with the clean prices, to enforce that the middlemen will not make a profit, in some items and beyond that when we have disasters this pushes up the prices. Greece cannot change the facts on its own. Orchards and orange growers don’t leave them on the trees anymore because they get a better price.”
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