Greece Launches 'PosoKanei' Platform Using AI to Combat Inflation and Protect Consumers

Greece is stepping up its fight against inflation and unfair market practices with a new digital initiative centered on artificial intelligence and real-time data. The Ministry of Development is set to launch "PosoKanei," a platform designed to empower consumers by providing immediate price comparisons and market insights.

This new platform aims to replace and upgrade the existing "e-katanalotis" service. "PosoKanei" will function as an interactive tool, offering citizens up-to-date information on market prices and purchasing options. To build this system, the ministry has invited bids from companies for data services, with a deadline of May 26 for offers. The contract focuses on transmitting data for the top 10,000 most frequently sold products in supermarkets.

"The goal is to create a modern and unified market supervision mechanism, similar to those in advanced European countries," government sources stated. These countries already leverage AI and digital data for price monitoring and market oversight. The "PosoKanei" platform will utilize data analysis tools to detect illicit behavior, categorize consumer complaints, initiate investigations, and impose fines, thereby streamlining administrative processes for quicker, evidence-based interventions.

The initiative is part of a broader effort to strengthen the Independent Authority for Market Control and Consumer Protection. A €4.6 million funding program is being activated to enhance the authority's digital capabilities, with a particular emphasis on AI applications for intelligent market surveillance. This investment, part of the "TPA Ministry of Development 2026-2030" program, aims to bolster trade and consumer protection.

“

The goal is to create a modern and unified market supervision mechanism, similar to those in advanced European countries.