Consumer Goods Retail Research Institute

A survey by the Consumer Goods Retail Research Institute (IELKA) recorded negative inflation in supermarkets in August for the fourth consecutive month.

The prices of products in supermarkets are recorded to have decreased by an average of 1.08 percent compared to August 2023, while 14 of the 23 categories of supermarket products recorded a decrease in prices.

Amid ongoing concerns over the cost of living, a recent IELKA (Consumer Goods Retail Research Institute) study has brought a glimmer of hope to the government, revealing a decline in supermarket prices across a wide range of products. The survey indicates that prices began easing in May following stringent pricing measures implemented earlier in March.

Prices at supermarket chains will fall by 1.92% in June 2024 compared to June 2023, a targeted survey by the Consumer Goods Retail Research Institute (IELKA) exclusively to the channel of large supermarket chains on inflationary trends in organised food retailing.

The following conclusions emerged from the survey:

Supermarket prices increased by 2.75% in February, down from 3% in the previous month, according to a report of prices in major retail chains by the Consumer Goods Retail Research Institute (IELKA).

The jump in inflation compared to last year has brought significant changes in the behavior of Greek consumers.