The Maltese government has launched an initiative called Stabbiltà to keep the prices of important and essential food items low and stable. The initiative, which started on February 1 and runs until Budget Day, aims to reduce foreign pressure on prices. The government has collaborated with the ministry for the economy, food importers, and retailers to implement this initiative. Participating outlets are offering certain food items for at least 15% less than the recommended retail price. The initiative includes around 400 food products, and over 400 outlets are participating. The government is urging smaller shop owners to participate to reach more consumers. This proactive approach reflects the government's commitment to ensuring economic stability and fostering sustained growth [61285b32].
In Greece, the government is also taking steps to combat high food prices and reduce inflation. Development Minister Takis Theodorikakos claims that the policy to combat high prices seems to be working and estimates that food inflation will move around zero. The Ministry of Development is implementing a new production model to address the cost of products and citizens' income. The goal is to de-escalate food inflation and increase the disposable income of citizens [438725a5].