Infant formula

Price cuts have taken effect

Since Friday, infant formula has been between 5% and 16% cheaper than it was up until Thursday, while a series of other commodities also saw their retail prices drop as a result of the ceiling imposed on gross profit margins by the Development Ministry.

Cost of baby formula is steep

Parents in Greece pay for baby formula up to three times as much as in other European countries including countries like Finland and Sweden, according to a price survey carried out in November in three price collections by Greece's Competition Commission, a finding that shows that the market in question is anything but operating competitively in Greece.