Greek Minister Takis Theodorikakos says profit‑margin cap cuts prices on 2,000 items

Greek Development Minister Takis Theodorikakos announced that the government's profit‑margin ceiling, applied across the entire supply chain—from food producers and wholesalers to supermarkets—has led to price reductions on roughly 2,000 consumer products, with an average drop of about 5%. He described the measure as highly interventionist and unprecedented in Greece and the EU, aimed at curbing profiteering and easing the cost burden on households.

The cap is not intended to be permanent; the fuel‑related component expires on 30 June and may not be renewed as international oil prices move toward pre‑war levels. Ongoing high‑level talks with Prime Minister Kyriakos Mitsotakis and Finance Minister Kiaras Pierrakas are focused on extending price‑reduction agreements for basic goods. Enforcement is carried out by the Independent Market Oversight Authority, which has imposed fines of several million euros on large firms that breach the limits. The policy is presented as part of a “national social agreement” to protect the average Greek family.

The minister stressed that businesses should also contribute voluntarily by reducing their average profit margins, noting that a significant segment of society is struggling with rising costs.