An investigation which concluded that prices in a representative sample of supermarket products in our country are lower than the corresponding prices in Germany was announced today by the Consumer Goods Retail Research Institute IELKA.
Particularly:
The Institute’s repeated report based on data from price comparison platforms in each country, but also on prices from supermarket chains in spring 2024, shows that Germany has a 26% more expensive basket.
The results table changes significantly depending on the Institute when we remove VAT, so in this case) Germany has a 33% more expensive basket, as a result of the difference in the VAT rate.
For the analysis, more than 1,400 prices were compared in a total of 44 product categories from 9 supermarket chains in both countries.
The data includes all prices for branded products, but also for all private label products in each country (excluding only specialty products such as organic products).
![The basic food basket in Greece is 26% cheaper than in Germany 2 elka1](https://thegurumedia.com/wp-content/uploads/2024/07/elka1.png)
Prices are final prices including offers and discounts offered by supermarket chains in each country.
– Analysis of Numbeo data (numbeo is a global crowdsourced database for consumer prices around the world, with data from 2009), in June 2024, based on data from the last 12 months, which concerns all points, also comes to similar conclusions regarding sales and concerns the minimum amount of money someone has to spend in both countries to cover caloric needs, and in this case Germany is 26% more expensive than Greece at 333 euros compared to 264 euros in Greece.