Prices are being cut by up to 15% on 123 consumer goods until the end of the month in a bid to curb food inflation.

The organized food retail chains and their suppliers have responded to the invitation of the Ministry of Development and are committed that the reduced prices will be maintained for at least two months and every two weeks the list will be updated by adding new codes.

As stated by Sotiris Anagnostopoulos, Secretary General of Trade and Consumer Protection: “We see that there is a response from businesses, we expect that we will have even more codes very soon. According to the announcement of the Hellenic Supermarket Association, it seems that they will exceed 600”.

According to information, the biggest price reductions are recorded in food, with olive oil selling from 5% to 8% cheaper, flour from 9% to 15%, tomato juice by 15%, while lower from 7% to 10% are the prices for barley and from 6%-7% for rice. Price reductions in laundry detergents, bleaches and shampoos range from 6% to 8% in single digits, while baby diapers are available up to 10% cheaper.

For his part, Apostolos Petalas, general manager of the Union of Supermarkets of Greece, points out that: “Supermarket chains encourage suppliers to participate, secondly by keeping this initiative on the shelves at a rather large cost of both space and labor for to be implemented. Also… the existing stocks of the supermarkets lower the price from the day it is applied and of course they also participate in the discount that the supplier has set”.

Reduced price lists on about 100 products have also been sent by other supply companies, which however are not taken into account as they are below the 5% limit.