The cost of keeping a pet in Greece has increased to unbearable levels for some animal lovers with the result that some owners are unable to meet the cost for food and visits to the vet. They often seek a new loving home for their 4-legged pal or they dump …
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“Income increase is the only solution to food high prices,” says BoG deputy governor
“The increase in incomes is the only solution in the face of high prices that are not going to decrease,” deputy governor of the Bank of Greece and Professor of Economics at the University of Piraeus., Theodoros Pelagidis, admitted on Tuesday. Speaking to state radio ERT, Pelagidis pointed out that …
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Energy poverty in Greece: 1 in 2 households cut on food to pay energy bills
One in two households in Greece cut food expenses in order to be able to pay their electricity and heating bills, a research conducted by Greece’s Consumers Association EKPOIZO within the framework of the European program “Reverter”, with the cooperation of the Laboratory of Mining Technology and Environmental Mining of …
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Inflation in Greece rose to+2.5% in July, +12.3% in food
Greece’s annual EU-harmonized inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesday. EU-harmonized inflation is an index of components that is used across the EU to measure inflation in a consistent way. Official statistics service ELSTAT also reported that headline consumer inflation in July rose …
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Inflation in Greece slightly up in July, food up 10.8%
Inflation in Greece rose slightly to 3.4% in July, compared with 2.8% in June, according to Eurostat data. Eurozone inflation stood at 5.3% in July 2023, down from 5.5% in June. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest …
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inflation rate in Greece eases to 2.8% in May; 11.6% up in food
Inflation rate in Greece slowed further to 2.8% in May from 3.0% in April and 11.3% in May 2022, reflecting exclusively a sharp fall in energy prices, while food prices rose by 11.6% in the month, the Greek Statistics Authority said on Friday. However, price increases were recorded in bread/cereals …
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New Democracy: VAT reduction in food will benefit the wealthy
Also ahead of the June 25 elections, New Democracy insists that any Value Added Tax (VAT) reduction in food and other basic items will primarily benefit the wealthy and therefore there is no point in implementing it. This attitude was initially promoted during the ND governance, when prices in supermarkets …
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Inflation in Greece falls to 3% in April but food prices up 11.4%
Greek annual inflation rate slowed to 3% in April, from 4.6% in March and 10.2% in April last year, reflecting almost exclusively a rapid fall in energy prices. However, prices in food and food items grew 11.4% in the same month, Greek Statistics Authority ELSTAT said on Wednesday. Price Increases …
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Inflation in Greece eases to 4.6% in March; yet food up 14.3%
The rate of increase in inflation slowed further to 4.6% in March this year, from 6.1% in February as a result of lower energy prices, and compared to an increase of 8.9% in March 2022, according to Greek Statistics Authority ELSTAT on The 4.6% increase of the Overall CPI in …
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Easter in Greece: Stores opening hours April 6-17
The holiday working hours for shops and stores during the period leading up to Orthodox Easter starts on Thursday, April 6. According to the trade association of Athens the proposed working hours for Athens’ stores during the Easter holiday season, is as follows: Thursday 6 April: 09:00-21:00 Friday 7 April: …
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Inflation down to 6.1% but food jumped 14.8%
Greece’s annual inflation rate slowed further to 6.1% in February from 7% in January and 7.2% in February 2022, the Greek Statistical Authority ELSTAT said on Monday. However, this development is attributed solely to a drop in electricity prices while the consumer price index in foods and food items jumped …
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Greece’s inflation eases in Jan but food up 15.4%
Greek annual inflation rate slowed further to 7% in January from 7.2% in December, but remained up compared with 6.2% in January 2022. However, this slowdown mainly reflects a decline in electricity prices while inflation in foods was up 15.4%. Greek Statistics Authority ELSTAT said that price increases in the …
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Consumers’ Federation INKA calls for products boycott due to high prices (POLL)
Greece’s General Federation of Consumers INKA has called for a boycott of certain food products as a protest reaction to the high food prices, especially milk. In an announcement published on Wednesday, INKA said that the boycott follows consumers’ demand. The boycott is for all diary products, domestic or imported, …
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Further price hikes in Greece, when food already up over 40%
Price hikes in basic food products will be the legacy of 2022 to 2023 as they are expected to continue the upward trend. Food and general groceries went up to 44.88% since the beginning of 2022, the Greek Statistics Authority ELSTAT has said. In a total of 64 products of …
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Greece’s Food Pass: “Aspirin” for persistent financial migraine
Prime Minister is distributing “aspirins” in form of a Food Pass to the folks for six months to cope with the price hikes and the cost of living. As of February 2023, a subsidy of 10% of food shopping bills will be given to Greek households on income and property …
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“No food security problem in Greece,” reassures Agriculture Minister
There will be no problem in Greece’s food security or supply chain due to the Russian invasion of Ukraine, two countries that are the most important grain exporters in the world, Agriculture Development and Food Minister said on Monday. The increase in the price of grain since the beginning of …
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6 in 10 Greek workers cut down on basic food and heating, Labor survey finds
The majority of workers in Greece has cut on basic food products and heating, while 3 in 10 declare insecurity to maintain their job, a survey conducted by Alco on behalf of the General confederation of Greek Labor (GSEE) and the Labor Institute has found. Solution to the current economic …
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Greek households store food due to war in Ukraine (POLL)
Greek households store food due to the war in Ukraine, a market survey has found. Turnover in value of food retail increased by 5.1% in the first week of March. According to NielsenIQ data, in the first week of March, many food categories, such as pasta, showed a very large …
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Greece’s food market, supply chain face no shortage issues, say ministers
Greece’s general goods and food market and its supply chain are operating smoothly, ministers confirmed at an extraordinary ministerial meeting chaired by Prime Minister Kyriakos Mitsotakis on Monday, said government sources. The meeting was held to discuss potential shortages in food and in raw materials in the primary sector that …
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Registry for food stocks, fines for profiteering; online supermarkets ration flour, sunflower oil
Greece has enough stocks in flour, cereals and vegetable oils “for months ahead”, Development Minister Adonis Georgiadis reassured the Palriament, while introducing a new stock registry for food and farming supplies. Speaking of the draft amendment for the registry, Georgiadis said it would provide the government with quick sense of …
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