Normal view

Greece Launches New Digital Tool Comparing Supermarket Prices

18 June 2026 at 10:44
Supermarket in Greece
The tool tracks and compares the prices of more than 8,000 supermarket products in real time. Credit: AMNA

Greece unveiled a new digital price-comparison tool on Thursday, allowing consumers to track down the cheapest grocery options before they ever reach the supermarket checkout.

In a short video posted to social media, Prime Minister Kyriakos Mitsotakis introduced the digital platform “PosoKanei” (How Much It Costs), developed jointly by the Greek Ministry of Development and the Consumer Protection Authority. The tool tracks and compares the prices of more than eight thousand supermarket products in real time.

“Before you pay at the supermarket, you can now know exactly where your shopping basket will be the cheapest,” Mitsotakis stated.

Available via posokanei.gov.gr or as a mobile application, the tool allows users to search for specific items, compare costs across different brands within the same category, or simply scan a product’s barcode while standing in the store aisle to find the lowest price nearby. According to the Prime Minister, the database is updated daily to ensure accuracy.

While acknowledging that a digital platform alone cannot instantly dismantle global inflationary pressures, Mitsotakis framed it as a critical shield for household budgets. “What is most important is that the market itself now knows that prices are being compared daily and transparently,” the Prime Minister emphasized. “As a result, retailers will face direct pressure to become much more competitive.”

Related: Inflation in Greece Climbs Faster Than Eurozone Average

UK inflation stays at 2.8% as slowing food prices offset rising transport costs

Surprise ONS figure confounds forecasts of an increase to 3% as Bank of England prepares to set interest rates

UK inflation unexpectedly remained at 2.8% last month as higher transport and fuel costs were offset by slower food price rises.

May’s annual price rise reading recorded by the Office for National Statistics (ONS) came despite economists’ forecasts of a rise to 3% as the Middle East restricted global energy flows.

Continue reading...

© Photograph: Kevin Wheal/Alamy

© Photograph: Kevin Wheal/Alamy

© Photograph: Kevin Wheal/Alamy

Strait of Hormuz deal expected to bring some relief at the pump, but prewar gas prices could be elusive

16 June 2026 at 11:00
The tentative U.S.-Iran peace deal is expected to bring some relief for Americans’ at the pump, but even if it holds, prewar gasoline prices could be elusive. The agreement is expected to increase traffic through the Strait of Hormuz, a key oil shipping lane off Iran’s coast that has been choked off during the conflict. Before the…

Albanese signals fuel excise cut may be extended to help motorists amid Middle East crisis

Prime minister flags an announcement after deliberations of cabinet’s expenditure review committee

Anthony Albanese has signalled the federal government is open to extending the temporary cut to the fuel excise to help cushion motorists from a months-long tail from the Middle East conflict.

The prime minister also welcomed the announcement of a peace deal between the US and Iran to end the war and reopen the strait of Hormuz.

Continue reading...

© Photograph: Lukas Coch/AAP

© Photograph: Lukas Coch/AAP

© Photograph: Lukas Coch/AAP

As Iran war drags on, spiking energy prices send inflation to 3-year high

Spiking energy prices sent inflation to a three-year high in May, up 4.2% annually. The Labor Department said the cost of energy was responsible for over 60% of the increase. Core inflation, which strips out volatile food and energy prices, was up a more modest 2.9%. Geoff Bennett discussed more with Roben Farzad of Full Disclosure.

Inflation rises to a 3-year high on spiking gas prices, highlighting affordability challenges

Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.

Global oil inventories headed to lowest level in decades, U.S. EIA warns

9 June 2026 at 19:50
The Middle East conflict has caused global stockpiles of oil to plummet to their lowest level since 2003 while petroleum prices have spiked, according to a new energy data report.

Global oil inventories headed to lowest level in decades, U.S. EIA warns

9 June 2026 at 19:50
The Middle East conflict has caused global stockpiles of oil to plummet to their lowest level since 2003 while petroleum prices have spiked, according to a new energy data report.

❌