Household basket: How much have supermarkets reduced prices

For 97.18% of the products included in the “Household Basket”, prices decreased or remained stable in the 26th week of its implementation (26/4/2023 -2/52023), while its average value is reduced by -1% compared to the previous week.

“We continue the battle against high prices for the protection of our vulnerable fellow citizens”, commented Minister of Development & Investments, Mr. Adonis Georgiadis in a post on Twitter .

The household basket

In particular, from the total of 1,134 products in the “Household Basket” that are completely comparable:

for 48, prices decreased by 4.23%,

for 1054, that is 92.95%, prices remained stable

for 32, that is 2.82%, prices increased.

GHreek consumers can find detailed product prices at: https://e-katanalotis.gov.gr/.

Which products lead the dance of increases

Based on the data of Hellenic Statistical Authority-ELSTAT, eggs and dairy products had an increase of 23.1% in March, i.e. almost 5 times above the average inflation. In February the increase registered by ELSTAT for the same products was 25.2%, in January 25% and in December 25.6%.

Bread and cereal prices rose by 15.6% in March, compared to an increases of 16.8% in February, 18.6% in January and 18.7% in December 2022. Edible fats and oils saw price increases in March by 17.5%, compared to an increase of 22.9% in February, 23.1% in January and 21.7% in December 2022.

At the same time, meat prices increased by 19.8% in March compared to an increase of 20% in February, 19.3% in January and 17.8% in December. Given that there is a phase difference in food pricing – we recall that the increases have been slow to pass through to the market compared to the increase in energy prices – it will almost certainly take several more months for consumers to see the first substantial price cuts in the supermarket purchases.