“In 2024 it appears that evidently the inflation has been largely managed. Not that costs have gone again, however we do not have the will increase we had in earlier years. This doesn’t imply that the grocery store doesn’t stay costly, as a result of within the earlier two years we had a median two-year value improve of round 28%”, mentioned the president of the Affiliation of Small and Medium Supermarkets, Yannis Pilidistalking on his On Politics present Naftemporiki TV.

Requested about the opportunity of its discount VAT, Mr. Pilidis acknowledged that revenues from the state funds will probably be misplaced and equivalents must be sought. Nevertheless, as he identified, he disagrees with the argument that the discount is not going to be handed on to the buyer.

The value distinction in Greece – Europe

So far as the olive oil, mentioned that it’s an costly product and a primary good for Greeks in comparison with different Europeans, which is why, he added, it considerably impacts the typical basket. Concerning the completely different costs of Greek merchandise in different supermarkets in Europe, he mentioned that “a product that has a really massive market share in Greece (e.g. slice or yogurt) whether it is transported to Germany or one other nation it’s utterly ‘nameless’, whereas it goes to a market the place the product might not be consumed as in Greece”.

“How will it promote to this new market? To promote, he has to decrease the value, as a result of if he goes with that prime value within the European market he will not promote. Now comes the cheap query of the viewers: so it has room. Clearly it has scope. Now, in a free market what’s profiteering is a query mark. There isn’t any mounted revenue price. The phrase profiteering got here in because the revenue margin was mounted. In any other case, in a free market, everybody sells at no matter value they assume they will and sells, that’s, if the buyer buys it, it is OK. In any other case, he’s compelled to decrease the value” mentioned Mr. Pilidis/

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