Increased prices or unfair competition

A real “storm of indignation” erupted on Twitter after a user posted the facts of a price increase in one of the most famous supermarkets in Greece, which he “saw with his own eyes”.

A user in his post complains that he noticed a 41% increase in the Sclavenitis product in just 6 days. It’s a smoked turkey fillet. As you can see, the price per kilogram has risen from 7.80 euros to 11 euros in less than a week.

41% αύξηση σέ έξι μέρες
Κατά τά άλλα πάμε καλά έτσι Άδωνι pic.twitter.com/JCdErpDUuY

— Kyriakos Sketos vol.3 (@KyriakosSketos)

41% αύξηση σέ έξι μέρες
Κατά τά άλλα πάμε καλά έτσι Άδωνι pic.twitter.com/JCdErpDUuY

— Kyriakos Sketos vol.3 (@KyriakosSketos) February 10, 2023

“>February 10, 2023

Several Twitter users reacted to the post, stating that apparently there was a sale on a particular product last week, which is why prices fluctuate so much. But the applicant returned to the chat by posting an image from the website of a much smaller store that had the exact same product, but without an offer (price discount promotion) at a price below 10 euros per kilogram. Only 9.10 euros per kilo, to be exact. While “by promotion” the product cost a little more than 7 euros per kilogram.

“How is it possible to have the same product in a much smaller store at a significantly lower starting price than Sclavenitis”? This is a reasonable question that comes up and is asked by several users of popular social networks. If there is no official answer, then speculation arises … In any case, it infuriates that such companies, which in recent years have been “favored by state policy”, receive huge profits, unlike SMEs and Greek manufacturerswho literally have to fight for survival.

Recall that until recently the ministers were “voicing at the top of their voices”, convincing citizens that they would steadily conduct checks in all retail outlets (within the framework of the law on unfair competition) to comply with the “Family Basket” measure introduced by the state (το καλάθι τησ νοικοκυράσ). Regulations of the Ministry of Development on the “basket” aimed at saving the family budget of citizens, providing the opportunity to purchase groceries and essential goods at “normal” (rather than inflated) prices. Supermarkets that fail to comply with the rules face “heavy” fines, officials said.

At the same time, supermarkets are required to apply special marking on the goods included in the “family basket”, while at the entrances to the shops (in a conspicuous place) information leaflets should be placed, as well as a detailed list of all goods included in it. Supermarkets are required to send the list to the Ministry of Development weekly or every two weeks, and if they fail to do so, they face a fine of 5,000 euros per day.

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