Further increases in consumer product prices

If the 5% VAT that was added in January to food and medicine was not enough, prepare for more increases in consumer products. According to the president to the Supermarket Union Adamos Hatziadamou, wholesalers have informed supermarkets that there will be increases of up to 20% on dairy items, frozen ready-made meals, seafood and meat. He added that the prices are being pushed up by the importers and not the retailers.

Furthermore, it was announced yesterday by the Minister of Commerce Antonis Paschalidis that fuel prices are also going to increase yet again because of the situation in Egypt.