High prices of products in supermarkets recorded a decrease for the first time, down by 1.25% in May compared to the same month last year, according to the Institute of Retail Consumer Goods (IELKA), ANA reports.
Speaking to ANA-MPA, the General Director of the Supermarket Greece Association Apostolos Petalas, said: “ It is a fact that inflation in both Greece and the rest of the EU countries has been on a reduction trend that began last November and is gradually continuing. This applies to overall inflation and food inflation. Especially in Greece, and particularly in May, we saw a significant reduction in overall inflation.
Based on Hellenic Statistical Authority (ELSTAT) data to be announced in mid-June, a significant drop in the inflation of food and consumer products is also expected.”
Petalas stressed that “especially for food and consumer products sold in supermarkets, the reduction is much greater. In fact, we have deflation with an overall fall in prices.”
According to Petalas, government measures to address high prices have also contributed to the reduction of prices. He also estimates that “the trend of reduction will continue in the coming months both in Greece and in other EU countries.”
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