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Greek PM asks EU intervention against high prices in supermarkets

Prime Minister Kyriakos Mitsotakis will send a letter to the European Commission on Friday requesting Brussel’s intervention to tackle high prices in supermarkets. Mitsotakis’ request will focus on multinational companies that sell their products in different countries at different prices. Greeks have been struggling with ongoing price increases for food …

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Strike day: Greeks protest high prices and low wages

Thousands of Greeks took to the streets on Wednesday to protest low wages and high prices and the cancelling of collective bargains for over ten years. The strike organized by the Federation of Private sector Workers (GSEE) has paralyzed the country as workers in main public transport means joined the …

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Inflation in Greece rises to 3.2%; food prices up 5.3%

Inflation in Greece rose to 3.2% in the month of March from 2.9% in february and 3.1% in January. At the same time, food prices went up to 5.3% despite some measures imposed by the government. Based on the data by the Hellenic Statistical Authority ELSTAT, prices in food and …

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High power prices in Greece? “Blame electricity theft!” says Energy GS

Consumers in Greece see an increase of electricity prices in April despite the decrease in the wholesale price. “Blame the electricity theft,” says General Secretary for Energy, Aristotelis Aivaliotis. The cost created by electricity theft is sent to providers who on their turn send it to consumers. 400 million euros …

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Property prices surged in 2023, Bank of Greece reports

Residential property prices in Greece continued to increase at an accelerated rate in 2023, according to a Bank of Greece announcement on Tuesday. According to provisional data, the central bank said, apartment prices increased at an average annual rate of 13.4% in 2023, compared with an average increase of 11.9% …

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Olive Oil prices up 67.4%, Food 8.3%, Health 5.7% in a year

The rate of price increases fell to 3.1% in January 2024 from a year earlier, Greek statistics authority ELSTAT announced on Thursday. Ιmpressive is at the same time, however, the price increase of olive oil by 67.4% within a year! The olive oil increase affects the general price index to …

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Inflation in Greece rises to 3.5% in Dec; food prices up 8.9%, olive oil 58%

Inflation in Greece significantly accelerated in December 2023, rising 3.5% from 3% in November. At the same time, prices in food rose to another 8.9% in the last month of the last year with olive oil to hit an increase record with 58.5%, Greece’s Statistics authority ELSTAT announced on Friday. …

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Greece’s gov’t announces four measures to curb soaring prices

Development Minister Kostas Skrekas presented four measures he described as ” drastic” aiming at addressing “unfair trade practices” in an effort to curb soaring prices. In a press conference on Wednesday, Skrekas  announced four measures to help lower the cost of consumer goods. He noted that the government took the …

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Electricity prices in Greece up to 30% in November

Electricity prices will  increase up to 30% in November, as providers in Greece are expected to announce significant increases in the new tariffs for the next month. It is apparently the conflict in the Middle East, as well as the levy imposed by Bulgaria (10 euros per megawatt hour) on …

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