The cost of infant formula in Greece has soared to staggering heights, with citizens paying anywhere from 32% to a whopping 213% more compared to their European Union counterparts for the same product.
An investigation conducted by the Competition Commission last November unearthed striking price disparities. Prices for baby formula designed for infants up to 6 months old in Greece were found to be ranging from 144% to 171% above the lowest prices recorded in Belgium and the Netherlands. Notably, branded baby formula in Greece exhibited a substantial price difference of 167% to 213% compared to the lowest prices identified in Finland and Sweden.
Kostas Skrekas, addressing the issue, commented, “Some brands of baby formula are approaching the average price seen in Europe, but they remain consistently pricier. That’s why we’re initiating checks regarding the gross profits, aiming to detect any structural market and supply chain imbalances.” Skrekas emphasized that “the prices in the Greek market are 30% to 213% higher.”
He further stressed, “Infant formula represents a significant financial burden for households. We’ll explore measures necessary to instigate price reductions and move closer to the European average.”
Moreover, findings from the study highlighted an increase in the price of cow’s milk during the first half of 2023. The cost escalated to €1.57 per liter, up from €1.39 per liter in the corresponding period last year and €1.34 per liter in 2020, marking a considerable 20% surge in the weighted average price from February 2022 to January 2023.
In the days ahead, intensified inspections are anticipated to uncover instances of exploitative pricing.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
Greece Honored Country at World Travel Market (WTM) 2024
Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.
Inflation in Greece Down to 2.4% in October, ELSTAT says
On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year
First-Ever Pop-Up American Space at a Sports Venue Opens at Georgios Karaiskakis Stadium
The new Pop-Up American Space was inaugurated at the Georgios Karaiskakis Stadium by US Amb. George J. Tsunis, Olympiacos FC President Evangelos Marinakis and the Mayor of Piraeus, Yannis Moralis
![ΕΦΚΑ: Αποδίδει πλέον την προσαύξηση στις συντάξεις όσων συνταξιούχων εργάσθηκαν [παράδειγμα]](https://www.ot.gr/wp-content/uploads/2024/10/synta23-600x338.jpg)
