Greek government pushes national price‑cut pact with food industry to curb inflation

Prime Minister Kyriakos Mitsotakis will convene a meeting at the Maximos Hall on 29 June with representatives of the food industry and supermarket chains to discuss a "national social agreement" aimed at reducing prices of basic household goods. Development Minister Takis Theodorikakos said he is in "continuous dialogue with the food industry and supermarkets to achieve a national social agreement with price cuts" and expects announcements within the next three‑to‑four days.

The talks also cover the possible removal of the profit‑margin cap on food items that takes effect on 1 July, as well as the removal of a similar cap on fuel, which was introduced during the war in the Middle East. While the government portrays the negotiations as a decisive step against the country's persistent inflation, market analysts view them as a largely symbolic effort to manage public perception, noting that substantive price impacts may be limited.

Opposition parties have criticised the plan, arguing that it serves political interests ahead of upcoming elections. The outcome of the agreement could influence household spending and consumer confidence across Greece.