milk

After thorough audits of a bevy of product codes, it was determined by the market watchdog that the aforementioned company had violated nine codes, including exceeding the permitted limits of baby formula profit margins set by Greek legislation

Higher costs of living, especially 'biting' prices on supermarket shelves, has emerged as a priority for the Mitsotakis government to handle and deflect criticim

Minister Kostas Skrekas said companies producing baby formula are under investigation for allegedly breaching law against illicit profiteering.

Notably, branded baby formula in Greece exhibited a substantial price difference of 167% to 213% compared to the lowest prices identified in Finland and Sweden

From February 2022 to January 2023 the cost of milk increased from 1.04 to 1.25 euros per liter plus VAT while more consumers turn to the "household basket" to make their milk purchases