September 25, 2024

Athens News

News in English from Greece

Souvlaki will cost five or six euros.


Following numerous publications in recent days stating that the price of souvlaki (gyros) will reach five or even six euros, the Minister of Trade and Consumer Protection has intervened in the matter.

Speaking to ERT-3, Sotiris Anagnostopoulos said that if consumers see prices rising, they should immediately change the store (or find their competitors and shop there).

Speaking about the rising cost of the traditional Greek street food souvlaki, Sotiris Anagnostopoulos said: “We obviously can't go back to the prices of the past, but it should be clear that prices have stopped rising at the rate they were rising (and in many cases we have declining prices). As for souvlaki, it is good that when consumers see a price increase that they believe is unjustified or caused by the greed of some shop owners, they should immediately change shops and go to competitors of this kebab shop. Many shop owners rely on us not changing our habits and they charge us through the nose. But if they knew that we would leave (lose customers), they would think a hundred times about whether it was worth raising their prices so much” he noted.

Finally, regarding olive oil, the minister stressed that, as can be seen from the data, production has improved and “If this picture is confirmed, we will have a better overall olive oil prices will be lower“.

Let us recall that, as previously reported by Athens News, the Director General of the Association of Greek Olive Oil Standardization Producers, Giorgos Oikonomou, emphasized that “the expected quantity is around 230,000 tons, which is a significant increase compared to last year, which is expected to impact prices at the producer level“.

According to available data, production in southern European countries is expected to exceed last year's by 50-100% this year, which will lead to lower prices. According to estimates by food retail executives, prices could fall from 12 to 13 euros in a reasonable period.



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