A new wave of price increases is beginning in Greece. Since October 1, prices for feta, dairy products and breadand the high cost of energy, fuel and raw materials creates pressure on other everyday goods.
Briefly about the main thing
- import prices for Greek industry increased by 10% per year;
- the energy component of import prices jumped by 30.5%;
- producer prices in industry in August increased by 14.9%;
- from October 1, some producers are increasing prices for feta by about 5–9%;
- MEGA announces an increase in prices for a number of sheep milk products to 7–12% and an increase in the cost of bread by approximately 9%;
- The main risk is the gradual transfer of expensive energy, fuel, raw materials and transport to final prices in stores.
The rise in price does not start from the supermarket shelf
The buyer notices inflation only when the price tag changes. But usually the price increase begins much earlier.
First, oil, gas, electricity and raw materials become more expensive. Then the costs of factories, carriers, warehouses and packaging manufacturers increase. And only after that the additional costs gradually reach the supermarket.
It is precisely this chain that is now beginning to form again in Greece.
According to ELSTATthe general import price index for industry in July 2026 increased by 10% compared to July last year and immediately by 4.4% in just one month.
Energy prices have risen especially noticeably: the corresponding figure has increased by 30.5% per year.
Imports of petroleum products became more expensive by about 45%, oil and natural gas – by 27%, basic metals – by 15.9%, electricity and gas – by 11.9%.
These are important indicators because all these resources are used at almost every stage of production and delivery of goods.
The next signal is factory prices
Fresh ELSTAT data for August shows that pressure continues to spread further down the chain.
Industrial Producer Price Index grew by 14.9% compared to August 2025.
For the domestic Greek market, the growth was less – about 8.9%, however, this figure also means a significant increase in production costs.
Energy for the domestic market rose in price by 16.3%, intermediate goods by 3.6%, and prices directly in the food industry increased by about 1.9%.
For now, enterprises partially absorb rising costs through their own profits. But there is no way to do this indefinitely.
Feta is already starting to get more expensive
The most obvious example has appeared literally now.
WITH October 1 Greek cheese companies have begun introducing new price lists for feta and other sheep’s milk products.
According to Οικονομικού Ταχυδρόμουmanufacturers informed retail chains about an increase in prices by approximately 5%, 7% and 9%.
The reason here is not only expensive energy.
The Greek sheep industry was seriously affected by the sheep and goat pox epidemic. As a result, several hundred thousand animals were destroyed or lost, milk production decreased, and its purchase price increased.
At the same time, high export demand for Greek feta remains.
The President of the National Interprofessional Organization of Feta, Michalis Sarantis, previously warned on air ERTnewsthat the retail price of feta in the coming months may increase by approximately €2 per kilo.
Today MEGA showed new price tags
On the evening of October 1, MEGA announced that a new cycle of food price increases was beginning in stores.
According to the TV channel, feta, yogurt and other products based on sheep’s milk may rise in price by about 7–12%.
MEGA gives this example: feta, which was sold from about €13.50 per kilogram loose and up to €17 per kilogram packaged, can rise accordingly above €14 and up to €19.
A separate problem arises with bread. According to estimates given in the story, its cost may increase by approximately 9%.
MEGA: a new cycle of food price increases – how much the price of feta can rise
Why official inflation looks calmer so far
At first glance, a contradiction appears.
According to ELSTAToverall inflation in August was 3.8%while the food and non-alcoholic beverage category grew just 0.9% year over year.
But this does not mean that there is no threat of a new rise in prices.
It’s a matter of delay.
In August, the largest increases were primarily in energy and transport: heating fuel prices rose by 53.2%natural gas – by 40.2%, diesel – by 30.6%, gasoline – by 15.3%.
Products respond to these changes later as businesses first draw on old inventories of raw materials, existing contracts and their own margins.
Even price cuts in supermarkets may be temporary
The paradox of the situation is that just a month ago the government announced a price reduction of approximately 1740 products.
The average reported reduction under the national initiative was about 9.5%. The program included food, meat, daily necessities and school supplies.
Reported more about the initiative ERT.
However, individual price reductions cannot fully offset overall cost increases if expensive energy persists for several months.
The main question is how much longer can enterprises withstand?
Until now, companies have taken on part of the additional burden.
This is clearly visible in the PMI business activity index: enterprise expenses grew faster than selling prices.
But if energy pressure continues, businesses will have to choose between cutting profits, reducing production or raising prices again.
In agriculture, the problem is even more noticeable: the cost of inputs for farmers is increasing, while the prices received by producers themselves are decreasing in some categories.
Such a gap cannot be maintained indefinitely.
Editorial comment. It is too early to say that Greece will face a new widespread increase in prices for all products. Statistics don’t show this yet. But the chain that usually leads to price increases has already been launched: energy → raw materials → production → transport → store. And at the same time, the first real new price tags have already appeared on feta, dairy products and bread. Therefore, the question now is not so much whether individual goods will become more expensive, but how far this wave will spread.
Unless energy and fuel prices start to fall, the autumn of 2026 could once again make a trip to the supermarket one of the main indicators of the cost of living in Greece.
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