Skrekas: ‘Most drastic’ measures on price hikes

Average price reductions of 15% in certain product categories, due to the government’s measures, have been recorded since March 1, Development Minister Kostas Skrekas told Skai TV on Wednesday.

“We had a reduction in the prices of household cleaners, detergents, personal hygiene products, baby diapers, baby formula – in 3,912 product codes,” the minister said. He added that, from March 20, a similar measure will also apply to menstrual hygiene products. “Certainly we have products in which prices have fallen more and products whose prices have fallen less,” he noted.

Asked about the reductions in infant formula, he said that “we have imposed a cap on the profits of the companies that sell baby formula, and we have seen prices drop by 15%, while one company that only sells baby milk to pharmacies has reduced the price by 30%.”

Regarding offers, Skrekas said that “the three-month ban on promotions, that is, on offers for products that were previously overpriced, is another important measure that has prevented thousands of unjustified overpricing instances.”

“We are not complacent, nor do we say that we have solved the problem of high prices. The battle against high prices is ongoing, but Greece has taken the most drastic measures to deal with the problem,” the minister underlined.