The skyrocketing course of food prices in Greece, mirroring much of the ominous trend in Europe over the past two years, was laid bare this week on Mega Channel’s afternoon Live News program, with a list of specific grocery items that cost 109 euros in January 2022 today costing 215.33 euros – a whopping increase of 98 percent.
The exact same list of products, with the same brand names and quantity size, cost 178.14 euros in January 2023.
Detergents were the inflationary “champions”, with a specific brand and quantity of dishwashing tablets costing 6.99 euros six months ago, but now reaching 13.77 euros, a hike of 97 percent.
Cheeses are in the similarly unenviable second place, with the “kasseri” type (yellow, from sheep’s milk) a year ago costing 14.95 per kilo. Today, the same type of cheese, sold over-the-counter, costs 26.32 euros per kilo, an increase of 76 percent.
One brand of breakfast cereal last July cost 3.68 euros when purchased at a specific store, rising to 4,59 euros in January 2023 and today reaching 4,99 euros
Latest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%