Rising trend in prices of basic foods appears to be abating

Although two in 10 Greek consumers have stopped buying bread in the last five years, bakery prices rose 6.76 percent, belying expectations that price liberalization would lead to a 30 percent drop. The rise is partly attributed to the higher costs of electricity, oil and flour, as well to more property taxes. However, it appears that prices are now starting to fall.Data released by the Hellenic ...

READ THE ORIGINAL POST AT www.greekherald.com