Data from Greece’s statistics agency show sharp increases in the cost of basic foods, with beef prices rising 13.5% in one year and 75.1% since July 2021.
Greek flour prices are set to rise by 10%, adding pressure on bakeries already struggling with high energy costs and raising the prospect of higher bread prices.
Attacks on Black Sea ports and ships threaten Russian and Ukrainian grain exports, raising fears of a new global food price shock
Food prices in Greece fell 0.4% year-on-year and 2.3% from June in July, according to Eurostat, prompting the Development Minister to say government efforts to control prices are producing results
Climate change, rising production costs, pressure on farm economics and stronger demand are reshaping global food prices, with UBS warning that the historic 2.5% average rate of food inflation may no longer hold
Greek manufacturers are facing pressure over planned price reductions on essential goods as rising oil costs and energy uncertainty create new challenges ahead of the September measures.
Rising prices are reshaping shopping and travel habits in Greece, with consumers prioritizing value, comparing prices more carefully and choosing more affordable holiday options
The government has begun talks with the food industry and supermarket chains on a new voluntary agreement aimed at reducing the cost of everyday products from September
The new government digital service allows consumers to compare supermarket prices, track price changes and find more affordable options across thousands of products without creating an account.
Rising food prices are reshaping eating habits across Greece, with nearly half of households now cutting back on meat consumption as beef costs continue to climb sharply year after year.
With beef prices reaching up to €19 per kilogram, many households are cutting back on purchases, while neighborhood butchers increasingly allow regular customers to buy on credit
In fruit shops, cherry prices currently range from 9 euros to 14 euros per kilo, while in some cases they climb as high as 16.99 euros per kilo.
According to market analysts and government officials, consumer pressures are expected to intensify in the coming months, as there are few signs that the current wave of price increases will ease anytime soon.
Rising prices spill beyond fuel into everyday essentials, squeezing incomes and reshaping consumer behavior, as most households expect further increases and cut back on spending
In many souvlaki shops across Athens, the price of a wrap has already surpassed 5 euros. In popular tourist destinations such as Santorini, it can soar to as much as 7 euros.
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Higher prices, rather than increased consumption, supported this year’s Easter market turnover, as shoppers adjusted habits, compared deals more carefully, and purchased fewer goods overall
After a stable Easter season, rising energy costs and Middle East tensions push Greek supermarkets and suppliers toward unavoidable price increases, as regulators prepare tighter scrutiny
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With lamb prices set to peak ahead of Orthodox Easter, Prime Minister Kyriakos Mitsotakis is set to convene his economic team Monday — a meeting seen as much about managing political optics as market stability.