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Tue, Oct

Greece Food Prices Drop as Government Pushes to Cut Costs

Greece Food Prices Drop as Government Pushes to Cut Costs

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Greece’s food prices fell in July, with Development Minister Takis Theodorikakos saying government efforts to control prices are beginning to produce results despite continued pressure from high energy and fuel costs.

According to Eurostat data cited by the minister, food inflation in Greece stood at -0.4% in July compared with July 2025, while prices fell 2.3% compared with June 2026.

In the eurozone, food prices were 0.8% higher year-over-year and 0.2% lower than in June.

The figures come as Greece continues to face an uncertain international environment, including two wars in the wider region and elevated oil and fuel prices.

Theodorikakos says efforts will continue

Theodorikakos said the government would not ease its efforts to address the cost of living.

“Obviously, we are not becoming complacent and in no way are we celebrating,” he said, adding that the government is “working with a plan, continuous interventions and responsibility toward society.”

He said the government is working with the relevant bodies to promote a fairer and more competitive market.

According to the minister, efforts

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