By the end of November, Greeks will face a new wave of price increases as 800 items in supermarkets are expected to rise in price by at least 10-15%. For example, cheese products will rise in price by up to 30% compared to today, and soft drinks and drinks by 35%. Also, the prices for […]
Greece’s European Union-aligned consumer price index reached its highest level since the country’s entry into the eurozone in September, according to Eurostat’s estimates released on Friday. to 12.1% from 11.2% in August. Inflation in the Eurozone also hit an all-time high, hitting double-digit 10% for the first time, beating forecasts that it would hover below […]
Two out of three citizens have reduced their electricity consumption and food purchases, and eight out of ten regularly “hunt” for promotions and discounts held in supermarkets. Since the money spent is now the main criterion for choosing products. This is the result of a study by the Consumer Goods Retail Institute (IELKA), which reflects […]
The rampant inflation really pisses me off: every day I spend more and more money to buy fewer goods. And I was shocked on Saturday when I realized that I had spent as much as 130 euros on shopping at the supermarket. These were routine purchases to meet weekly needs. On Saturday, I went to […]
The energy crisis and rising prices are the biggest concerns for Greek consumers, according to a statistical survey conducted by the Research Institute for Consumer Goods Retailing (IELKA). The survey with a sample of 1000 consumers was conducted during the week from August 29 to September 2, 2022. According to IELKA, the biggest fear right […]
According to ELSTATin June of this year, a further significant increase in the overall price index for industrial import, by 32.8% compared to the corresponding index in June 2021, an increase of 20.5% was recorded when comparing the corresponding indices in 2021 and 2020. According to ELSTAT, the new rise in so-called “imported inflation” is […]
What has been happening in Greece with electricity over the past year goes beyond even the most nightmarish scenarios. The prime minister is handing out public money collected from overpaid indirect taxes and ostensibly subsidizing Greek consumers’ electricity bills. On the one hand, the companies are selling the social good called electricity at exorbitant prices, […]
A new measure of support for the population, which is not surprising given the situation in which the country found itself under the Mitsotakis government, the prime minister is expected to announce in TIF, the introduction of “food cards”, that is, food rationing, so that the people of Greece can survive the coming difficult winter […]
Buying the same groceries every week, the citizens see the prices in supermarkets literally rising before their eyes… With a calculator in hand and a shopping list limiting the amount of items that are not essential, consumers are losing patience. Pasta detergents have risen in price, even aluminum foil. The rise in prices is dizzying […]
Electricity providers in Greece announced on Saturday a significant increase in electricity prices, up to 65%. The announced nominal electricity tariffs are for September and are expected to blow the budgets of households and businesses in a country where citizens are fighting inflation at 11.5-12%. One of the most expensive providers is a semi-public provider […]
Favorable conditions for Greek olive producers are created by price increases during this period in Europe, associated with drought in the main producing countries – Spain and Italy. Estimates by market representatives of reduced olive production in the new growing season due to drought and lack of water for irrigation in Spain and Italy, countries […]
Inflation in Greece slowed to 11.6% in July from 12.1% in June 2022. However, housing and transportation costs soared, natural gas prices rose by 178.9%, and electricity prices rose by almost 800%. According to data released on Monday Statistical Office of Greecethe consumer price index (CPI) in Greece remained at a record high in July, […]