"The prices have dropped in 3,900 basic goods for every household so far. We have already checked that the prices of baby formula have dropped by 15 pct. We will not stop our efforts," Development Minister Kostas Skrekas noted during his visit to a major supermarket chain on Friday, the first day of the implementation of four government structural reforms to tackle the high cost of living.

Greek inflation slowed further to 3.0% in November from 3.4% in October and 8.5% in November last year, Hellenic Statistical Authority said on Friday. This development reflected mostly a decline in natural gas prices (-53.2%) and in fuel-lubricants, while price increases continued in food items (+9%, with olive oil up 31.4%) and other product and services.
 

The looming - according to some analysts - and even artificial - according to Stournaras - impending rise in inflation in Greece brings anxiety but also collateral... benefits. On Friday, Hellenic Statistical Authority-ELSTAT is expected to announce the detailed inflation data for the month of October 2023, where the contribution of food, which is the biggest "thorn" of the last several months, will be reflected