It was up by 2.3% compared to June of 2023, according to preliminary figures by the country’s statistical authority ELSTAT
The PM urged people to watch Coldplay's latest video clip shot at the Odeon of Herodes Atticus
Greek households appear more pessimistic over the course of inflation in the coming 12-month period, compared with households in the rest of the Eurozone. The average expectations for inflation in Greece over the next 12 months remained stable at 10% in February 2024, while falling slightly in the Eurozone at 3.1%. The sentiments were found […]
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Escalating payroll costs and diners’ dwindling tolerance for higher checks are putting independent restaurants in a squeeze
The inflationary pressure on food continues to mount, with a significant uptick of 6.7%. Notably, olive oil saw a staggering 63.4% surge, while fruit prices spiked by 12.3%
Greek households have seen decreasing disposal income from surging prices on supermarkets' shelves, especially for products such as milk, cheeses and cooking oils
Food prices are the primary worry in the east Med country
Special analysis for 2022-23 cites the consequences of price appreciation in housing, energy and food
The Greek prime minister admitted that prices are 'much higher than where they were three years ago,' while maintaining that the problem doesn't affect only Greece, but all of Europe
The biggest concerns aired by respondents to the poll continued to be high inflation and the economy.
The statistics authority cited a decline in energy prices, especially a 60.2%-decrease in natural gas prices.
The report notes that consumption growth remained notably reduced despite a robust recovery in 2022, adding however, that it remained one of the main drivers of growth last year
According to the data, Greeks rank last in per capita income purchasing power, coupled with the sixth-highest indirect tax burden in the European Union
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Notably, self-sufficiency in key commodities like beef, pork, cow's milk, and butter remains notably low, ranging from 20% to 60%, underlining the vulnerability of the supply chain
Conversely, the growth forecast in 2023 lowered to 2.2% of GDP instead of previously announced 2.4%
Across the European Union, annual inflation reached 3.4% in December 2023, rising from 3.1% in November marking a significant decrease from the 10.4% recorded one year earlier
The Greek economy is facing 8 chronic "ailments" fuelling inflation which can be distilled to a mix of Greed for profits by businesses “Greedflation”, dependence on domestic production and consumption on imports, the pandemic, the energy and climate crisis, along with low wages
According to the Numbeo online platform, a liter of milk in Amsterdam costs 1.18 euros, while in Athens, it is 1.63 euros