{"id":20788,"date":"2026-09-03T00:02:40","date_gmt":"2026-09-03T00:02:40","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2026\/09\/03\/greek-households-save-up-to-e39-a-month-under-price-cut-initiative\/"},"modified":"2026-09-03T00:02:40","modified_gmt":"2026-09-03T00:02:40","slug":"greek-households-save-up-to-e39-a-month-under-price-cut-initiative","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2026\/09\/03\/greek-households-save-up-to-e39-a-month-under-price-cut-initiative\/","title":{"rendered":"Greek Households Save Up to \u20ac39 a Month Under Price-Cut Initiative"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-first=\"S\">\n<h3>Greek households could save up to an average of \u20ac39 a month under the country\u2019s National Price Reduction Initiative, according to an estimate by the Independent Authority for Market Control and Consumer Protection (AAEA&amp;PK).<\/h3>\n<p>The authority based its estimate on monthly sales of the products included in the initiative, which came into effect on August 31 and covers 1,740 product codes.<\/p>\n<p>Responding to public claims about price reductions on supermarket shelves, the authority said it had assessed the initiative using market data rather than isolated price comparisons.<\/p>\n<p>It rejected claims that companies increased prices shortly before the initiative began and then presented the subsequent reductions as genuine price cuts.<\/p>\n<p>According to the authority, businesses participating in the initiative submitted no price-increase declarations in July or August. The only price-increase declaration filed during that period concerned a company that does not participate in the initiative.<\/p>\n<p><em><span style=\"text-decoration: underline;\">Authority rejects \u201cartificial basket\u201d comparisons<\/span><\/em><\/p>\n<p>The authority also criticised comparisons that use a small number of products to create what it described as an artificial shopping basket.<\/p>\n<p>It said some comparisons do not use the same supermarket chain, the same reference price or the same period for each product. Instead, they retrospectively identify the lowest price recorded at any chain and on any day, including short promotional offers that may have lasted only a few days.<\/p>\n<p>The authority stressed that consumers should distinguish between the regular shelf price without a promotion and the lowest promotional price that may have appeared temporarily at a different supermarket.<\/p>\n<p>The National Price Reduction Initiative, it said, does not constitute another short-term promotional campaign. It requires a fixed and binding reduction in the basic shelf price for at least two months per product code, with some reductions continuing until the end of December 2026.<\/p>\n<p>Short-term promotions can continue on top of the reduced basic price, allowing consumers to find even lower prices for limited periods.<\/p>\n<p><em><span style=\"text-decoration: underline;\">Meat, private-label and school supplies included<\/span><\/em><\/p>\n<p>The authority also said some public comparisons excluded entire product categories that account for a significant share of the initiative and include substantial price reductions.<\/p>\n<p>Among the categories it highlighted were:<\/p>\n<ul>\n<li>Fresh meat: 100 product codes, with an average reduction of 7.5% and cuts of up to 28%.<\/li>\n<li>Private-label products: 360 product codes, with an average reduction of 8% and cuts of up to 33%.<\/li>\n<li>School supplies: 405 products, with an average reduction of 12% and cuts of up to 36%.<\/li>\n<\/ul>\n<p>The AAEA &amp; PK said it monitors and checks the implementation of the initiative daily and will continue to do so throughout its duration.<\/p>\n<p>It added that its analysis of actual shelf prices so far confirms the figures it has published.<\/p>\n<p>Based on the monthly sales of participating products, the authority estimates that the initiative could deliver average savings of up to \u20ac39 per month per household for the relevant basket.<\/p>\n<h3\/>\n<p>\u00a0<\/p>\n<footer class=\"article-tags entry-footer\">\n<\/footer>\n<div class=\"category_container author-information\">\n<div class=\"inner\">\n<section id=\"authorpage\" class=\"authorpage\">\n\t\t\t\t<img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/74a7af42a3ee68b1eb9b880b91e3e713144e269e50db87b04a35501c8e1351f8?s=164&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/74a7af42a3ee68b1eb9b880b91e3e713144e269e50db87b04a35501c8e1351f8?s=328&amp;r=g 2x\" class=\"avatar avatar-164 photo lazyload\" height=\"164\" width=\"164\" decoding=\"async\"\/>\t<\/p>\n<div class=\"author-content\">\n<h5>Kosta Papadopoulos<\/h5>\n<p>Kosta Papadopoulos is an editor at Greek City Times, covering Greek and international news, travel, sport, and entertainment.<\/p>\n<\/p><\/div>\n<\/section><\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/greekcitytimes.com\/2026\/09\/03\/greek-households-save-up-to-e39-a-month-under-price-cut-initiative\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greek households could save up to an average of \u20ac39 a month under the country\u2019s National Price Reduction Initiative, according to an estimate by the Independent Authority for Market Control and Consumer Protection (AAEA&amp;PK). The authority based its estimate on monthly sales of the products included in the initiative, which came into effect on August &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Greek Households Save Up to \u20ac39 a Month Under Price-Cut Initiative\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2026\/09\/03\/greek-households-save-up-to-e39-a-month-under-price-cut-initiative\/#more-20788\" aria-label=\"Read more about Greek Households Save Up to \u20ac39 a Month Under Price-Cut Initiative\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":20789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/09\/shopping.jpg","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-20788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/20788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=20788"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/20788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/20789"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=20788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=20788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=20788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}