NEWS

Price monitoring agency

In response to the lack of transparency noted in the Greek market, Deputy Development Minister in charge of trade Christos Theodorou undertook the task of establishing a Price Monitor program, whose role is to record the prices of goods on the market so that large discrepancies can be avoided, especially concerning the same product. The program is still in its pilot phase and only operates in a few parts of Athens. It monitors just 48 kinds of fresh produce, comparing their prices at fruit and vegetable dealers’ markets, open-air markets and supermarkets. The monitor’s limited scope in terms of the area it covers and in the number of products it monitors, as well its limited information network (its data can only be obtained over the Internet) mean it has been of little use so far to the average consumer.