Among the 23 product categories studied, prices dropped in 10 categories while they increased in 13
Basic food costs and other staple products like bottled water, soft drinks, and fruit juices witnessed an increase of 13.8%, and fruits were up by 12.3%
Escalating payroll costs and diners’ dwindling tolerance for higher checks are putting independent restaurants in a squeeze
China is flooding foreign markets with cheap goods again. This time it isn’t buying much in return.
Ongoing high costs lead food manufacturers and restaurants to keep prices elevated
In particular, after conducting thorough audits on 72 product codes, the market price watchdog discovered that the company was earning a higher gross profit margin on 50 product codes than what the relevant legislation allows
In response to this price surge, the government is taking action by introducing the "Lenten basket" in supermarkets.
Greece witnessed the second-highest price hike (+67%) compared to 2023, with Portugal taking the top spot (+69%) and Spain rounding off the top three most expensive countries in the EU
According to the data, Greeks rank last in per capita income purchasing power, coupled with the sixth-highest indirect tax burden in the European Union
Promises continued market inspections and the imposition of heavy fines to contain damage
The greatest percentage increase was recorded in olive oil, despite Greece being the third-largest producer worldwide
Despite the governments efforts which for some its not enough the high super market prices still burden consumers