Prices cut on 1,660 supermarket products in Greece from Monday

More than 1,660 supermarket product codes in Greece are set for price reductions from Monday, with the average cut expected to reach about 7%.

The initiative covers basic food, everyday household goods, school supplies, private-label products and meat. Current figures include about 900 branded products with average reductions of 7%, more than 450 school-supply items discounted by roughly 10%, 250 private-label products reduced by an average of 7%, and 60 meat products with an average cut of 7.2%. The meat list includes Greek and imported products, including beef.

More than 90 suppliers, 12 supermarket chains and three toy and school-supply chains have joined the program. The initiative remains open to additional participants, and officials expect the product list to expand before Monday. Development Minister Takis Theodorikakos has described it as a “national social agreement” intended to support households and contain the cost of basic goods.

The final savings could exceed the supplier reductions because supermarket chains may add their own discounts. Those additional reductions will vary by business, meaning the same product could have a different final price depending on the chain selling it. Despina Tsangari, president and administrator of the new Independent Authority for Market Control and Consumer Protection, said supermarkets’ additional contributions would be recorded over the weekend.

Consumers will identify discounted products through special shelf markings. From Monday, the PosoKanei platform will also list participating businesses, eligible product codes and the applicable reductions. For branded goods, it will show a range of discounts to reflect differences in the extra reductions offered by individual supermarket chains.

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national social agreement