“Explosive” price increases under Kyriakos Mitsotakis: list of shock price increases since 2020

Explosive price increases under the government Kyriakos Mitsotakis: New Inflation Circular defining how data on inflation will be reported CPI (ΔΤΚ) for indexing government contracts for supplies, in fact destroys the thesis about the “slowdown in price increases” for food, energy and rent.

Accompanying list to the circular shows year by year large-scale price increases from 2020 to 2024 — precisely from the period when inflationary pressures intensified. Year 2025 not included, since the comparison is based on full calendar years (except for a few indicators). Against this background, it is estimated that available income Greeks look worse almost throughout Europe and are compared in fact only with Bulgariawhich closes the rating, and it is possible that she will soon will overtake Greece.

Despite the stated “minus 80 taxes”daily household expenses for food And services grew up so much it will take years of price reductions or very large income growthto close the gap.

Where prices have risen the most

In basic categories – food, energy, rent – increase blocked and wage growth and tax breaks. Examples from the list:

• Chocolate: under the influence of world prices for cocoa (climatic factor, historical peaks) cumulative growth 2020–2024 exceeds 581.4%.
• Coffee (exchange commodity): total +291% for 2020–2024; the price in Greece is additionally affected excise tax And high VAT.

Strong increases are reflected in other products: meat, cheeses, fruits, eggs. A significant part of the surge is explained not by external shocks, but price gouging practices. Exception – beefwhere global livestock shortages and veterinary problems played a role. At the same time, the largest jumps occurred in 2020–2022that is, at the peak energy crisis.

Meat: a “ladder” of annual price increases

Beef (cumulatively +377.3%):

• 2020: +57.7%
• 2021: +57.11%
• 2022: +33.65%
• 2023: +21.69%
• 2024: +18.46%

Pork:

• 2020 +32.65%,
• 2021 +36.15%,
• 2022 +20.1%,
• 2023 +5.78%,
• 2024 +4.89%

— in total +140.6%. Lamb/goat meat: cumulative +209.2%.

Rent: growth without brakes

In addition to food and energy, it hits wallets and rent. According to Eurostat, 47.3% Greeks live in households experiencing difficulties with paying rent, loans or bills with an average of EU 9.3%. IN Bulgaria — 18.8%that is, the problem in Greece is almost 2.5 times more serious than that of the second “worst” country.

Results 2020–2025 for rental housing:

• 2020: +24.73%
• 2021: +24.51%
• 2022: +23.17%
• 2023: +15.84%
• 2024: +9.95%
• 2025: +15% (for the first 6 months of the year)

Total – +143.6%. In reality, rent “eats up” 60–70% average monthly income; an apartment of ~80 m² often costs 800+ eurosthat is, close to basic salary. Housing shortage and high demand They drive up prices even for the old stock.

Services and everyday expenses

• Works plumbing: cumulative +185.2% (2020–2024)
• Medical insurance: +179%
• Parking: +139.8%
• Works painter: +68.5%
• Works electrician: +42.5%
• Services for general household expenses: +27.7%
• Funeral services: +25.3%

Energy: price swings

Natural gas:

• 2020 +74.46%,
• 2021 –16.3%,
• 2022 –80.63%,
• 2023 +7.91%,
• 2024 -10.22%

— an illustration of volatility against the backdrop of war and global uncertainty.

Electricity:

• 2020 +39.17%,
• 2021 +38.12%,
• 2022 +5.85%,
• 2023 +7.16%,
• 2024 -3.72%.
• 2025 +10%.

Cumulatively +109.9% — bills remain high, but salaries do not keep up.

Fuel:

Diesel for heating +12.3%diesel auto +3.9% (cumulatively 2020–2024).

Gasoline has dropped slightly (-1.15% cumulatively), but entrenched at the level 1.70–1.80 €/l (average price).

What does the ECB say next?

Chapter ECB Christine Lagarde previously emphasized: “price levels have increased and are likely to remain high” Strategic goal – inflation 2%that is slowdown rising prices rather than lowering them. For prices to actually fall, the annual dynamics by category should go to minus.

Reality

The economic situation of the EU has been extremely unstable in recent years, and the “locomotive” countries have gone into a deep “peak” since 2025. Considering 19 packages of sanctions against the Russian Federation, the transition to American energy resources, the conflict with China, and American duties, the situation is unlikely to improve in the coming years. This means prices will rise, and the objective incomes of the residents of Greece (and the entire EU) will continue to fall.

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