May 2, 2024

Athens News

News in English from Greece

Inflation: the never-ending nightmare of rising prices will continue in 2024


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One of the main problems that plagues Greek households is the problem of “feeding the family properly.” And as recent data show, in the near future, consumers are getting worse and worse at this.

According to the newspaper Eleftheros Tipos, prices are expected to continue rising from 2024, although not at such a “brutal” pace as in recent years. In detail, according to Circana data cited by the publication, the increase in prices for essential goods (high demand) from the new year will increase to 4.5% compared to 7.3% in 2023.

In particular, prices for food products are expected to rise by 4.6%, for personal hygiene and care products – by 4% and for household items such as cleaning products and detergents – by 5.7%.

At the same time, market leaders confirm that prices will continue to rise, but at a slower pace. “Next year will also be difficult in terms of inflation,” said Circana sales director Despina Catsipi.



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