From today (1.7.2025) stops the valid ceiling In the gross margin profit which had been imposed on basic goods and fuels five years ago, specifically on December 31, 2021, in the context of trying to limit inflation and energy crisis that intensified after Covid19.
The abolition of the ceiling marks the return to a more “cleaner” free market model, where businesses can now shape their profit margins without administrative obstacles.
“The profit profit in food, basic living items and the abolished fuels created more problems than it has solved,” said the supermarket General Manager, Apostolos Petala, speaking to ERTnews today about the prices that, as he pointed out, are 60.
In particular,
- Chocolate – sugar products with the cause of high price the lack of cocoa
- Fresh seasonal fruits with prices ‘sting in certain categories’
- and veal with main exports to the Netherlands and Switzerland where livestock is reduced due to green transition
The provision of the profit ceiling, which was abolished was correct during the pandemic period as factories were closed at that time, the transport stopped and the issue of profanity arose, and the competition of suppliers as well as retailers were significantly reduced, Mr Petalas said. Concerning the protection of the consumer, he noted that Greece has the lowest inflation rates compared to the European Union average and this is expected to apply in June, pending the announcement by Eurostat.
“Together with the bid price, it must be stated what is the lowest price in the store in the last 30 days,” says the General Manager of the Supermarket Union for the Code of Code of Price Reduction across the European Union in March.
Since June, the ministry has requested the ten largest supermarket chains and key suppliers for prices, stocks and sales of hundreds of products. The collection of this data concerns the month of May, in order to have a clear picture of the ceiling until the last day of power.
Although the initial deadline for submitting the data was June 20, it was extended until July 15. The data will be utilized to identify any violations, as well as the assessment of possible new interventions, if unjustified increases are identified.
The ceiling brought zero profitability to the fuel stations
Former President of the Pan -Hellenic Federation of Station, George Asmatoglou, speaking to ERTNEWS, assured that “after the theft and fraud has been healed, the market is balanced and the service stations will sell low”, except for Greece.
“The average price has fallen to the ten -day level before the Israel -Iran conflict and I think this is how August will come out,” he said, adding: “We are 5,000 stations, competition is great and over -functioning because we want a low price so we can sell.”
Regarding the abolished ceiling, he said that “it brought zero profitability and closed stations because they had zero profit.