supermarkets

The price reduction on the first 120 consumer product codes will range from 6% to 15%.

According to a major retailer there has been negative inflation in the sector in recent months and that any development must exclusively come from a volume increase.

Supermarket representatives will present data on the progress of price reductions, highlighting the negative inflation currently observed in their sector.

Notably, substantial price reductions were noted in butter and eggs, decreasing by 7.50%.

Religious holiday marks the beginning of Great Lent before Easter on the Eastern Orthodox Christian calendar

Food prices are the primary worry in the east Med country

The most circulated goods, such detergents, cleaning materials and paper, rose in value by 9.5%.

According to market sources those who adjusted their prices before Jan. 10, 2024, are considered the "lucky ones," as they will not be subjected to the three-month ban on promotions

Promises continued market inspections and the imposition of heavy fines to contain damage

"Cost structures are unforgiving. Let us be cautious not to be led into detrimental practices, as it undermines businesses' ability to grow and provide quality services"

The market will gradually resume activity starting from Wednesday, gearing up for the New Year, as the holiday schedule comes back into effect.