Greek supermarkets record -0.47% inflation in July 2026

IELKA Greek supermarkets negative inflation July 2026 price drops

A monthly survey by the Institute of Retail Trade Consumer Goods (ΙΕΛΚΑ) shows that prices in major Greek supermarket chains fell 0.47% year‑on‑year in July 2026, the lowest reading since December 2024. On a month‑to‑month basis the index dropped 0.77% compared with June 2026. The twelve‑month rolling index (August 2025 – July 2026) remains 1.37% above the same period a year earlier.

Both sub‑indices moved into negative territory: the food index –0.25% and the non‑food index –1.47%. The sharpest price declines were recorded for fresh fruit and vegetables (‑6.97%), pet food (‑5.21%), fresh meat and poultry (‑4.27%), breakfast items and beverages (‑1.98%) and dairy products (‑1.69%). The biggest increases were seen in ready‑to‑eat meals (+3.75%), water, soft drinks and juices (+3.26%), eggs, butter and broths (+2.99%), nuts (+2.79%) and delicatessen items (+2.71%).

ΙΕΛΚΑ attributes the overall price containment to market stabilisation, lower producer prices, favourable weather for crops, a higher share of private‑label products and faster inventory turnover in large chains. Government officials, including the Ministry of Development and Prime Minister Kyriakos Mitsotakis, have highlighted the trend as evidence that coordinated price‑control measures are taking effect.

Entities

Greek Ministry of Development · Greek supermarket chains · Greek supermarkets · Institute of Retail Research of Consumer Goods (IELKA) · Institute of Retail Trade Consumer Goods (IELKA) · Kyriakos Mitsotakis

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Largest price increases were ready meals (+3.75%), water/soft drinks/juices (+3.26%), eggs/butter/margarine (+2.99%), nuts (+2.79%) and cold cuts (+2.71%). www.economix.gr · myportal.gr · www.powergame.gr
[● 3 SOURCES] Largest price declines were fresh fruits and vegetables (‑6.97%), pet food (‑5.21%), fresh/frozen dough (‑4.27%), breakfast items (‑1.98%) and dairy (‑1.69%). www.economix.gr · myportal.gr · www.powergame.gr
[● 3 SOURCES] The deflationary trend is attributed to market normalisation, lower producer prices, favourable weather for produce and stabilised import prices for fresh meat. www.economix.gr · myportal.gr · www.powergame.gr
[● 3 SOURCES] The monthly price index fell 0.77% from June to July 2026. www.economix.gr · myportal.gr · www.powergame.gr
[DISPUTED] The rolling 12‑month index (Aug 2025 – Jul 2026) shows a 1.37% increase. www.economix.gr · myportal.gr · www.powergame.gr
[● 3 SOURCES] The July 2026 measurement is the lowest since December 2024. www.economix.gr · myportal.gr · www.powergame.gr
[● 3 SOURCES] Supermarket prices in Greece fell 0.47% in July 2026 compared with July 2025. www.economix.gr · myportal.gr · www.powergame.gr
[● 3 SOURCES] Food sub‑index fell –0.25% and non‑food sub‑index fell –1.47% in July 2026. www.economix.gr · myportal.gr · www.powergame.gr