ECONOMY

Europe’s strictest laws on control of prices

Europe’s strictest laws on control of prices

The government is working to increase citizens’ income as much as possible, supporting workers, the middle class and healthy entrepreneurship, Development Minister Takis Theodorikakos said on Monday speaking to Real FM.

“The fact that prices are falling for the fourth month in a row is very good news,” Theodorikakos noted and underlined that food inflation in Greece stands at 1.8% compared to 2.4% which is the average in the EU. As he noted, “we have the strictest legislation in Europe for price control.”

“This policy brings results and we will continue,” the minister emphasized, adding that “all together, as consumers must choose what is in our best interest: the cheapest and the best.” He also announced “that measures are being considered for more alternatives for citizens, so that they have direct access to producers.”

The Greek minister stressed that as long as there are increases in food prices, there will also be increases in the minimum wage.

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