Greek government strikes two‑month price‑freeze deal with retailers amid inflation fight

The Greek government reached an informal agreement with industry and supermarket representatives to hold prices steady for the next 60 days on roughly 2,000 basic consumer items. The deal, announced after a meeting at the Maximos conference centre, follows a profit‑ceiling measure on fuel that ended on 30 June and will not be extended.

The arrangement includes a “national social agreement” that aims to deliver sharper price cuts from September, once the summer pause ends. Officials said the summer freeze is intended to prevent any new price increases while broader reductions are prepared. Producer groups have expressed concern that the delayed implementation may limit the immediate impact on household costs.

Separately, the fuel profit‑ceiling, originally introduced after the 2022 Russia‑Ukraine conflict, is being criticised for creating disproportionate burdens on legitimate fuel stations, with industry leaders arguing it has become ineffective in the current market environment.