“We all recognize that the first issue facing the Greek family is punctuality and for this reason and the main priority of the government is to deal with this big problem. That is why we have taken a series of measures. So I will tell you that we have taken measures which stimulate competition, measures which control the issue of profiteering, we have carried out 25,000 audits and we have imposed more than 12 million fines on those who were found to be in breach of the Profiteering Act. And of course we have also taken a series of measures, some of which have been implemented since March 1st, measures that were also voted by opposition parties, such as SYRIZA, the New Left and the Spartans. Which therefore means that they also recognized that the measures taken by the government are really trying to solve a difficult puzzle which is that of accuracy” stressed Mr. Skrekas and added:
“From Friday onwards, when the package of measures that we have taken and passed by the Greek Parliament will be implemented in their entirety, we will see important categories of products reducing the prices of these products by a percentage that reaches 15%. And we are talking regarding categories such as house cleaners, such as personal hygiene products, baby diapers, but also a series of consumer goods which are basic for household living”.
“Certainly we have the interventions to deal with the phenomenon we observed in baby milk being more expensive than in other European countries. And so there we will see from March 1st on many products which are first in consumption, their prices will decrease. So we believe that the measures we have taken so far, combined with the measures that have been in effect since March 1, will eventually lead to a gradual de-escalation of inflation,” the minister noted.
Mr. Skrekas emphasized that the price reductions in baby milk and in all product categories will be made public, so that the consumer can see what the price of these products was before the implementation of the measures and following the implementation of the measures. “So we believe that really the reductions in baby milk will be such that the price in Greece will finally approach the European average”.
Regarding inflation, Mr. Skrekas noted that in order to have a clearer and more objective picture, we must look at the inflation of the two years since the intense phenomenon of accuracy began. “So there you will see that Greece has a food inflation of 25%, when the European average is at 24%, when in Germany it is 26%, when in Bulgaria it is 32% and when in Hungary for example it is 47%. The last two countries are also countries that have a salary that is either lower than Greece or roughly the same as Greece. Households actually go to supermarkets and see products at expensive prices and find it really difficult to access. That is why the “household basket” and the permanent price reduction are in one direction so as to de-escalate inflation and give households access to basic food at lower prices. Beyond that, however, it appears from the data I have, that food inflation is something that persists not only in Greece, but persists throughout Europe. But gradually, with the measures we have taken, we believe that we will see the prices decrease there as well”.
“Greece has taken the most and most drastic measures of all Europe. Greece is on the edge of Europe. Countries mediate which are not all European, with the result that the supply, the transport of products between Greece and Central Europe, the competition, face problems. Nevertheless, with the measures we have taken we are following the European average and from now on we believe that we will see a faster de-escalation of food inflation as well, so that households can actually have access to food at lower prices “.
Mr. Skrekas emphasized that the data for February, from very large chains in the market, show that we have a reduction in price increases compared to the previous period of around 80%. “In other words, 8 out of 10 products that were repriced last year have not been repriced this year, and following March 1st we expect over 2,000 codes to reduce their prices, not to stabilize prices, but on the contrary to reduce them. It is these products that are included in the categories: detergents, household cleaners, personal hygiene products, ie shampoos, shower gels, toothpastes and baby diapers, as well as menstrual products. We will not see the prices of these products stabilize but decrease compared to before the implementation of the measure. We know that in all these categories the reductions we will see will be greater than 10%. They will be permanent reductions. These are not emergency measures.
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