Development Ministry to develop cost of living plan

The Development Ministry’s initiative to reduce the cost of living and lower the prices of food and essential household items is progressing, government spokesperson Pavlos Marinakis said during a press briefing on Monday.

Marinakis said that a new meeting is scheduled this week between Development Minister Takis Theodorikakos and representatives from the supermarket association, the food industry, and multinational companies.

“The plan’s implementation is showing positive results. Research indicates that supermarket prices were, on average, 1.92% lower in June 2024 compared to the same period last year, and a similar reduction is anticipated for July. We are not resting on our laurels, and the concerted effort to bring down prices will persist. The government’s development policy, coupled with ongoing efforts to boost citizens’ incomes, aims to gradually enhance household purchasing power,” he said.