The Development Ministry’s plan to reduce the cost of living and de-escalate the prices of food and basic household items is underway, government spokesperson Pavlos Marinakis said during a press briefing on Monday, ANA reports.
According to Marinakis, a new meeting of the Development Minister Takis Theodorikakos with the institutional bodies of the association of supermarkets, the food industry, and multinational companies has been scheduled for this week.
“The implementation of this plan is yielding results, as according to research, the prices in supermarkets were on average 1.92% lower in June 2024 compared to the same period last year, and a similar de-escalation is expected for July as well. There is certainly no complacency and the concerted effort to de-escalate prices will continue. The government’s development policy together with continued efforts to increase the citizens’ incomes, contribute to the gradual strengthening of the purchasing power of households,” he pointed out.
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