Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure GR-2022-45/3091 – Updated – measures in Greece
Country | Greece , applies nationwide |
Time period | Temporary, 02 November 2022 – 30 June 2024 |
Context | Restructuring Support Instruments |
Type | Other initiatives or policies |
Category |
Promoting the economic, labour market and social recovery into a green future
– Support for other basic items (e.g., food, housing, public transport, medicines) |
Author | Penny Georgiadou (INE GSEE) |
Measure added | 20 February 2023 (updated 07 October 2024) |
On 30 October 2022, the Minister of Development and Investments with the decision No. 104093/2022 "Determination of categories of products included in the household basket"; determination of the frequency of sending the list of products by the obligated parties; designation of the competent control authority; determination of the procedure for the collection of fines and other specific issues for the application of article 87 of Law 4986/ 2022 (A' 204)", introduced a new measure: the so-called “household basket” in order to face the rising inflation and high food prices . The aim of the household basket is to offer to the consumers some special products, one per category, essential for a decent living, at lower prices. The measure started on 2 November 2022.
Ministerial Decision No 104093/2022 on the household basket provides that supermarkets with an annual turnover of more than €90 million per year, are obliged to send to the Ministry of Development a list of consumer products ("household basket") that are necessary for a decent living and in particular at least one product from 51 product categories that are included in the "household basket".
The supermarket chains participated in the measure include 13 companies across the country. Each chain is free to choose which specific product codes from the list will be included in the basket and their (lower) prices. The basket includes various foodstuff products such as, flour, pasta, meat, fish, dairy products, beverages, cleaning products, hand sanitizers, personal hygiene products, disposable nappies, baby milk and pet food.
The prices of the products that make up each supermarket's "household basket" are posted on a dedicated website .
The products included in the basket bear a distinct sign on the shelf and are promoted in the supermarkets' ads.
The prices announced remain in force for one week; the prices and the content of the basket are changing every Wednesday.
The following updates to this measure have been made after it came into effect.
04 December 0202 |
On 4 December 2023, the Minister of Development announced the 3rd extension of the 'Household Basket' measure. This specific measure, which was originally set to expire on 31 December 2023, has been extended until 30 June 2024. According to the same announcement, the products included in the 'Permanent Price Reduction' initiative reached |
According to the research of EKPOIZO (Consumers Association - The Quality of Life) the basket has a reduced impact on the consumers. The survey was conducted from 14 December 2022 to 22 January 2023 on a sample of over 1,000 consumers. More than half (54.3%) do not buy products from the basket, responding among other things that they choose products in private label offers, that they find cheaper items out of the basket or that they do not consider them of quality.
Also, according to information given by ΕΕΚΕ (Greek Consumer Workers' Association), not only double-digit rates of price increases are recorded even within the basket, but also a profiteering exists, camouflaged by misleading tricks such as reducing the content in packaging. EEKE proposes to replace the profit margin with gross profit in absolute size per physical unit of product or service.
Workers | Businesses | Citizens |
---|---|---|
Does not apply to workers |
Sector specific set of companies
Larger corporations |
Applies to all citizens |
Actors | Funding |
---|---|
National government
Company / Companies |
No special funding required
|
Social partners' role in designing the measure and form of involvement:
Trade unions | Employers' organisations | |
---|---|---|
Role | No involvement | No involvement |
Form | Not applicable | Not applicable |
Social partners' role in the implementation, monitoring and assessment phase:
There is no any involvement of social partners.
On October 13, 2022 GSEVEE (Confederation of Professionals, Craftsmen and Merchants), in a Press release argued that, the "household basket" is just an illusion. The list of 50 basic consumer products does not respond to the frustration that the wave of the increase of product prices has caused. The primary cause of the prices’ rising is the energy cost. Therefore, the prices imposed by the energy oligopoly must be strongly restrained. Even if there are no increases in those products under surveillance (that is “household basket), there will be larger increases in complementary or substitute products. The measure does not provide for a ban on increases, but for price monitoring, while shifting purchases towards large supermarket chains to the detriment of small businesses.
Similarly, the Athens Chamber of Commerce supports that the list of products is insufficient, as a household needs more products and estimated that food chains will mainly promote private label products, thus increasing their profit.
This case is sector-specific
Economic area | Sector (NACE level 2) |
---|---|
G - Wholesale And Retail Trade; Repair Of Motor Vehicles And Motorcycles | G47 Retail trade, except of motor vehicles and motorcycles |
This case is not occupation-specific.
Citation
Eurofound (2023), Household Basket , measure GR-2022-45/3091 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2022-45_3091.html
Share
30 January 2023
Governments across the EU continue to implement policies to support citizens and businesses in the face of rising food and energy prices caused by the COVID-19 crisis and intensified by the war in Ukraine. This article summarises the policy responses as reported in Eurofound's EU PolicyWatch database from January to September 2022.
Article12 September 2022
Although the worldwide pandemic situation had already disrupted supply chains and triggered increases in energy and food prices in 2021, the situation deteriorated in 2022 with the Russian invasion of Ukraine.
Article12 September 2022
This article summarises the first policy responses that governments across the EU have started to implement to support companies affected by the rising prices, and those with commercial ties to Ukraine, Russia or Belarus.
Article5 July 2022
This article summarises the first policy responses of EU Member States, including those of the social partners and other civil society actors, enabling refugees to exercise their rights under the Temporary Protection Directive.
ArticleDisclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.