Inflation in Greece rose to 12.1% in September

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 […]

2 out of 3 Greeks have cut spending on food and reduced the use of home appliances

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 Energy Crisis and Rising Prices: What Consumers Worry Most About

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 […]

How the Government Provided Guaranteed Surplus Profits for Energy Suppliers

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, […]

The government will introduce "grocery cards"so that the population does not die of hunger

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 […]

Olive oil: new season with rising prices

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 […]

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