The Minister of Development and Investments, Adonis Georgiadis, refers to the “Household and Easter” Baskets and to the holding down of prices in a post on twitter.

Mr. Georgiadis reports that “23rd week of implementation of the ‘Household Basket’ and of the 1134 products, 114 (10.05%) showed an increase, 78 (6.88%) showed a decrease, and 942 (83.07%) remained stable!” and adds that the average price of the “Basket” had a -1.5% decrease.

“Specifically in the week of 29-03-2023 the average price was at 127.22 and now in the current week of 05-04-2023 it was at 125.31, as the price reductions although in fewer products were greater than the small increases. Also the first day of implementation of the “Easter Basket” and despite the initial fears of a big increase this year in the prices of lamb and goat, the target price of €10 was achieved keeping the prices in the “Basket” at last year’s final levels”, he concludes.