Research Institute: Supermarket prices significantly lower in Greece

The price of a typical basket of goods from supermarkets in Greece is significantly lower compared with the equivalent baskets in the UK, France, Spain and Portugal, the Research Institute of Retail Consumer Goods (IELKA) announced in its six-month report released on Wednesday, according to ANA.

 The report made price comparisons with and without VAT, since this varies in each country. It compared prices in 20 sub-categories of products composing a typical supermarket basket. These sub-categories were examined from a significant sample of more then 2,000 product prices in 20 different supermarket chains in five countries. The figures also include offer prices and private label product prices.

 The comparison record that all four countries have a significantly more expensive average basket than Greece: by 8.0 pct in Spain, 28 pct in France, 22 pct in the UK and 10 pct in Portugal. These differences become even larger if VAT is deducted: Spain 19 pct, France 41 pct, UK 38 pct and Portugal 16 pct. Greece has a significantly higher VAT rate.

RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report

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