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Eurostat: Food Prices in Greece remain high despite disposable income -25% (infographic)

This is something that every Greek has been wondering about: that despite the austerity cuts in incomes, pensions and wages, the prices for consumer goods remain high. A little much too high are the food prices and in some items one would think that Greeks pay gold to buy eggs, milk and dairy products.

According to Eurostat statistics about consumer Prices in 2015:

Greece is second most expensive EU country in dairy products, cheese & eggs (31% higher than the EU average and thus) after Cyprus.

Higher than the EU average are also prices for bread, cereals (14% higher), alcoholic beverages and other food times.

Although an olive-oil production country, prices in oils, domestic butter & margarine Greece are 16% higher than the EU average.

Fish prices in Greece are 13% higher than the EU average, although fishery is supposed to be one of main chains in alimentary food chain.

Lower than the EU average are prices for fruits, vegetables & potatoes (17% lower), meat (12% lower) and tobacco products (24% lower – No worries, the 3. bailout brings new taxes and tobacco products will skyrocket.)

What if disposable income has shrunk by 25% in the last six years of austerity. Greeks keep paying for some essential items and thus more than Germany, the Netherlands, Portugal and Spain.

In no category is Greece the cheapest country among the EU member states.

 

Based on the Eurostat, highest prices were recorded in Denmark, reaching 145% of the EU average, followed by Sweden (124%), Austria (120%), Ireland and Finland (119%) and Luxembourg.

The cheapest are Poland (63% lower than the EU average), Romania (64%), Bulgaria (70%), Lithuania (78%), the Czech Republic and Hungary (79%).

Interactive Infographic by the EU
1. Select a product to see the EU Member States with the highest and lowest price
levels.
2. Select a EU Member State to see it within the ranking.

All by coincide, I was speaking with a friend about the high prices here a couple of days ago. Milk has become cheaper since last year after the OECD tool kit extended the expire date of fresh milk and made cheap import possible. One can find 1L Fresh milk for €0.90 but trust me it’s a rather tasteless white fluid. Ten years ago, 1L Fresh milk was  €2.

Yogurt is soon to be cheaper, as powder milk will be allowed in famous Greek yogurt.

And yes, fruits and vegetables are cheap and of good quality. But meat it’s cheap only if imported from the mass-production farms in the Netherlands. And one wonders, if it’s meat or a piece of paper.

However, the description “cheap” is always in connection with available income but also with quality. There is fresh milk of excellent quality and taste from small Greek farms. But it costs €1.90 per liter. I could understand the ‘production volume’ +’demand’ + ‘transport cost’ + ‘whatever cost’ formula, but if one has to come through the month on a tight budget, one is happy to be able to afford a liter of milk, at all.

We all know that everything (incl. vegetables) was more expensive on the islands, even on those islands that had a Value Added Tax reduction of 30% to absorb the transportation cost. Yet, we always used to pay higher prices than in Athens “because of the transport cost” as the locals used to say.

Now that the fuel prices will go up again to please the creditors, prices will go up again following the new VAt hike form 23% to 24% since 1. June 2016.

Some like my neighborhood Souvlaki grill claimed that they did not raised their prices despite the latets VAt hike. It’s only that the portions are smaller now.

So all I can say is:

Prices in Greece? It’s complicated!

PS just wondering whether the Eurostat took into consideration the VAT hike to 23% from 13% in July 2015.

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11 comments

  1. you forgot to mention that prices are high in greece due to the closed market as well. as in cartels fixing prices.

    i know you make fun of me for shopping at lidl, but i do so because its cheaper, not because i dont like greek supermarkets.
    i cannot afford to shop in the other supermarkets.

    Milk Prices 1L 7 days:

    Vgenopoulos Milk (Delta) 1.18
    AB Milk (tastes not so good) : 0.98
    Lidl Greek Milk : 0.92

    You should also mention milk atms which has decent fresh milk for 1.00 a liter, straight from the farms. They can be cheaper than vgenopoulos because they cut the middleman

  2. No I’m not I just like saving money unlike many people in Greece who complain they are broke but still go to expensive supermarkets :))

    • keeptalkinggreece

      hm… nearest Lidl is 4km away, nearest metro station to ldl 350-499 meters away. what do you propose? to go on foot +metro and return full loaded with a taxi?
      I’m 100% sure you Live In the ldl

      • I go shopping once a week. So i suggest you take an uber there and back which would cost you less than 10 euros.

        i noticed this with greeks, they go to the supermarket everyday. its a waste of money. Go once a week!

        • keeptalkinggreece

          lol i think this extra 10Euro for Uber is more than if I do shopping in my neighborhood (and support local SMs too)

        • keeptalkinggreece

          ever wonder why Greeks go to supermarket what you call ‘every day”?

        • This is a stupid remark. I go shopping several times a week, because it is easier than carrying enormous amounts of stuff when you don’t have a car. Why should I waste money on a taxi, and all the effort of dealing with the malakes, in order to shop only once a week? The only reason would be if I had no spare time — which is not the case.

          • come on lets be real. most people in Greece have access to a car, whether it is their fathers, their mothers, their brothers, their husbands, etc!

            I drive my mom to the supermarket once a week and she gets anything!

            Shopping once a week saves me money because I make a list of what I need and prevents me from buying BS and planning ahead is good.

            I spend about 80 Euros a week in lidl to feed the whole family of 4 people. In the other supermarkets, I would spend about 110 buying the same thinsg (lidl is between 20%-30% cheaper overall.) so since the taxi would cost 10 euros a week I would still save like 60 euros a month from going to lidl.

            I think you guys are just doing the typical greek thing, which is complain about your life and not try to improve it.

            Life is never perfect, its always about compromise, but complaining and saying ‘malakies’ or ‘its not possible’ doesn’t help things.

            I really am upset that so many Greeks are negative people, even before the crsis.

            • keeptalkinggreece

              LOL the Perfect lidld employee – hope you get an extra bonus for internet marketing

            • 100% garbage. And you sound like a German, not a Greek. Even as a Brit, I am not interested to follow this stupid approach that you claim to use.