Food prices finally post a drop

High prices at supermarkets recorded a decrease in May for the first time since they started rising. They were down 1.25% compared to the same month last year, according to the Institute of Retail Consumer Goods (IELKA).

The general director of the Association of Supermarkets in Greece, Apostolos Petalas, noted: "It is a fact that inflation in both Greece and the rest of the EU countries has been on a reduction trend that began last November and is gradually continuing. This applies to overall inflation and food inflation. Especially in Greece, and particularly in May, we saw a significant reduction in overall inflation. Based on Hellenic Statistical Authority (ELSTAT) data to be announced in mid-June, a significant decline in the inflation of food and consumer products is also expected."

Petalas highlighted that "especially for food and consumer products sold at...