Food, rent, and hospitality costs pushed prices higher in Greece in October, while olive oil prices dropped sharply, according to ELSTAT’s latest inflation data

More than 50 companies and 10 supermarket chains in Greece join an initiative to cut supermarket prices by an average of 8%, as inflation in consumer goods falls to its lowest level in four years

Despite the overall decline in inflation, food prices continued to climb sharply. Meat prices rose by 8.4%, fresh fish by 6.2%, and dairy products and eggs by 3.9%.

In supermarkets, IELKA measured inflation at just +1.6% in August, with price cuts in items such as detergents and paper goods but increases in fresh meat.

Beer sales at Greece’s restaurants and hotels are slowing, while supermarkets post double-digit growth, Athenian Brewery says.

In 2023, discounts under the scheme ranged between 5% and 15%. But given today’s market climate and ongoing company-led offers, observers say such reductions may not be repeated at the same scale.

The president of Greece’s National Meat Interprofessional Organization even warned that beef could soon surpass 20 euros per kilo.

The ministry remains on alert in an effort to contain food inflation, having managed to stabilize prices in some categories earlier this year.

Cocoa prices have dropped below $8,000 per ton after last year’s record highs, though analysts expect structurally higher levels to persist.

Consumers are shifting to supermarkets' private labels to reduce the bill at checkout.

Sweets and beverages became more expensive due to soaring global cocoa and coffee prices, while cooler-than-usual weather in 2025 drove up fruit and vegetable costs.

On the islands, where transportation and supply costs further inflate expenses, a single gyro can cost as much as 7 euros—placing it firmly out of reach for many locals.

Inflation in Greece slowed to 2% in April 2025 from 2.4% in March.

Do we really care about competition and free trade in this country, or do we simply enjoy creating imaginary enemies?

According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.

The price gap between production and supermarket shelves in Greece remains significant. Meanwhile, heating oil is cheaper than last year but pricier than a month ago.

Overall inflation stood at 2.6% in December and averaged 2.7% for the entirety of 2024.

The average Greek throws away approximately 190 kg of food annually

According to the results of the survey, the average price of a 500-gram loaf of fresh white bread is 48% percent lower than the average Eurozone price

The cost of half a kilo of fresh bread in Greece is the second lowest in Europe and 48% lower than the European average, standing at €1.21.