Inflation Scares Goverment Into Enactment.

The Greek government has enacted an emergency legislative act aimed at shielding households from surging inflation. The law imposes strict temporary caps on profit margins for fuel and basic consumer goods. Gas stations are limited to a maximum margin of petrol and diesel. Companies in the food and wholesale sectors are prohibited from exceeding the average gross profit margins they recorded previous year. Enforcement: Authorities have warned that violations could result in fines. The legislation includes special surcharges for island regions to account for higher transport and distribution costs.

©YovaniBernard