Greek consumers cutting down even on their food spending
This in turn aggravates the situation further for consumers and the market itself.
This explains the 7.2 percent annual drop in supermarket turnover recorded in May year-on-year by the Hellenic Statistical Authority and announced on Friday, as Greek consumers are cutting down even on their food spending to meet their other obligations.
Smaller food retailers, such as butchers and grocers, saw a 7.4 percent annual drop in May. ■