Thursday , July 25 2024
Home / Tag Archives: prices

Tag Archives: prices

Olive oil production higher – Prices gradually falling

Estimates about olive oil production in Greece are optimistic this year, although safer conclusions will be available after about a month. “At the moment we are in the flowering period and after about a month we will have the fruiting. All this under the condition that everything will develop normally,” …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Food in Greece’s supermarkets up 2.75% in February

The inflation rate for products sold in supermarket chains was at 2.75% in February 2024, according to research conducted by the Institute of Retail Consumer Goods Research (IELKA) on major supermarket chains. This figure reflects a slight decrease compared to the 3% inflation rate observed in January 2024. During February …

Read More »

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% …

Read More »

Price increases change consumer habits in Greece

Price increases have changed consumer habits in Greece, a survey by the Retail Consumer Goods Research Institute (IELKA) said on Thursday. The survey, conducted on a sample of 1,000 consumers in November 2023, showed a clear trend by consumers to save money to buy basic goods and services. Τhe pressure …

Read More »

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 …

Read More »

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 …

Read More »