Supermarket

AB Vassilopoulos hopes its focus on its private label, addition of 2-3 company supermarkets and another 50 franchises will help it surpass LIDL

Among the 23 product categories studied, prices dropped in 10 categories while they increased in 13

This year, market participants, evidently spurred by last year's outcome, largely predict stability, with 1 in 5 expecting growth exceeding 2%.

Speaking during a television appearance on Tuesday morning he also acknowledged that rising cost of living remains the number one problem faced by Greek households

Greek households have seen decreasing disposal income from surging prices on supermarkets' shelves, especially for products such as milk, cheeses and cooking oils

The Greek economy is facing 8 chronic "ailments" fuelling inflation which can be distilled to a mix of Greed for profits by businesses “Greedflation”, dependence on domestic production and consumption on imports, the pandemic, the energy and climate crisis, along with low wages

The Initiative was due to end on December 31st 2023, but the Ministry of Development has decided to keep it in effect until June 31st, 2024

According to data from Circana (formerly IRI) for the ten-month period of January-October 2023, the largest sales volume increase was recorded in non-alcoholic beverages and snacks at +4.4%, and alcoholic beverages at +4.3%