The government and leading retailers on Monday reached a “gentleman’s agreement” to combat inflation.
This is an agreement that will be implemented in two phases, with the first actually starting on July 1 and lasting until September, and the second starting in the beginning of the fall.
However, several points Development Minister Takis Theodorikakos announced remain to be clarified, as in essence the half-hour meeting at the prime minister’s office was an assessment of the situation so far and the undertaking of commitments on both sides.
First, the ceiling on the gross profit margin imposed on 63 product categories on March 11 will not be extended, satisfying the demand of supermarkets and their suppliers.
For their part, the representatives of the market committed to a “freeze” of prices until September, with Theodorikakos announcing that this commitment also includes the approximately 2,000 product codes for which a price reduction was achieved in the previous period, as a result of the imposition of the ceiling.
