The recent US-Israel conflict has intensified global inflation, prompting renewed interest in price control measures similar to those implemented during the COVID-19 pandemic. Greece's innovative 'household basket' program, introduced by the centre-right New Democracy government in November 2022, mandates major supermarket chains to keep prices low on over 50 essential goods, including food and cleaning supplies. Originally intended as a temporary measure, the program has been extended due to persistent inflation. It combines regulation with consumer transparency, requiring retailers to publish prices online and preventing price increases for seven days. Violations can incur fines of up to €5 million (approximately $5.3 million USD). This approach has led to notable price declines across various categories, with some items experiencing reductions of up to 23%. While price controls can be controversial, Greece's model demonstrates that they can be structured and enforceable, providing a potential framework for other nations facing similar economic pressures. As the UK and other countries brace for further economic turbulence, Greece's experience may offer valuable insights into how governments can effectively intervene to alleviate household financial strain.