Minister expects new measures to bring down consumer prices

Development Minister Kostas Skrekas underlined on Friday that consumer “product prices which are higher in Greece in comparison with other countries will be reduced with the new measures, while new price increases will be prevented.”

Speaking to Parapolitika radio regarding the new government measures against high prices, the minister underlined that “if necessary, we will take additional measures for product categories whose prices are unjustifiably high in Greece.”

He also noted that the measures are expected to lower prices on the shelf in Greece by up to 20%.

Regarding the inspections for baby formula, he said that “we have also checked these specific companies for unfair profiteering and you will see that there are findings that will be announced.”

“We are inspecting all the sectors, one by one, we will not leave any sector, any category of consumer goods unchecked for possible distortions,” Skrekas concluded.