Shock: Greeks "are overstocking". Food prices increased by up to 85%

The cumulative price increase for some food products, such as dairy products, has been up to 85% since inflation first appeared until today.

According to europost.gr, Greek households have been experiencing soaring prices for basic necessities for two and a half years, while wages have remained stagnant for more than a decade, and any increases in pensions and the minimum wage are offset by inflationary pressures. It is noted that food inflation “rushes” every month at a speed of more than 10%.

It is characteristic that from June 2021 to the present day the price of olive oil has skyrocketed. In particular, from 6.32 euros per liter a year later it rose to 8.25 euros, and today it sells for 9.22 euros, with a tendency to increase in the coming months. Production, coupled with natural disasters in Greece and Spain, is expected to push prices up further, making olive oil is unavailable to consumers.

The price of yoghurt from 2.30 euros reached 4.12 euros in June 2021, and feta from 7.90 euros is now available for 14.2 euros per kilogram! Also, prices for toilet paper, fruits and legumes have increased.

Forecasts for the coming months are more than a nightmare, since, in addition to the price of olive oil, a new wave of price increases for fruits, vegetables, meat and dairy products is expected after the recent disasters in the Thessalian Plain.

https://rua.gr/news/sobmn/57548-tsiklon-daniel-vyzval-rost-tsen.html

The situation is dire for Greek consumers, who have been facing rising prices for almost 26 months now. In fact, from the beginning of the year to the present day, a number of household essentials have risen in price by almost 25-30%. At the same time, salaries remain the same, and the increase in the base salary and pensions was “eaten up” by inflation.

For example, the price of toast bread from 1.45 euros at the beginning of the year now reaches 1.89 euros, 250g of margarine from 1.35 euros has jumped to 2.07 euros, and pasta no. 10 now sells for 1.28 euros compared from 0.70 euros in January 2023. Potatoes from 0.92 euros are sold at 1.32 euros per kilogram, and domestic tomatoes from 1.95 euros per kilogram are now sold on the market at 2.07 euros per kilogram.

At the same time, subsidies for products, the notorious Market Pass, provide only a temporary “respite” to consumers who are no longer able to keep up with almost daily price changes. People have acquired the habit of stocking up “in reserve” (which never happened before!), filling the shelves of pantries and the refrigerator with the most necessary things.

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