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Shoppers to get own price lists February 25, 2008

Posted by grhomeboy in Business & Economy, Shopping.
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Consumers will be able to go shopping next month armed with a price list for the 50 most commonly bought items, in a move aimed at helping shoppers better identify retailers who unfairly inflate their prices.

The Development Ministry will put together the daily list in an attempt to better inform consumers as some 30 companies have hiked prices by up to 15 percent since the start of the year. The move is aimed at helping fight Greece’s rising inflation, which remains one of the highest in the eurozone, at just below 4 percent last month.

In the event of companies going overboard with their price hikes or fiddling with price data handed to the Development Ministry, the offenders will be put on a black list that will then be published, according to the Ministry.

In the next few weeks, the Ministry also plans to prepare a list of goods comparing prices available in Greece with those offered in other European cities.

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