The many types of inflation

Greece is certainly grappling with greedflation, as exemplified by the exorbitant price of infant formula. The same multinational companies charge Greeks three times more than shoppers in Sweden for the exact same product.

To be sure, greed is an inherent flaw of capitalism, pervasive across diverse societies. When given the opportunity to sell something at triple the price, few would settle for double. A question is why this practice is so prevalent in Greece and not in other European countries. Ultimately, we possess similar regulatory tools, and in our case, they have proven effective.

Βeyond the inflation driven by corporate greed, there is also inflation spurred by consumer indifference

The Competition Commission, which unveiled the significant price disparities, levied a fine of €3,304,110 in 2019, specifically over the price of...