More and more households and businesses are being crushed by the vice-grip of high prices, as price increases on electricity, fuel and raw materials are dragging up prices on all basic food products.
Raw material shortages due to the war in Ukraine, rising fuel prices and prolonged bad weather are creating a suffocating siege.
According to market estimates, the table for Easter this year will be more expensive due to price increases in products.
Prices for meat, vegetables, traditional pastries, and even bread are expected to rise significantly.
Baked goods, buns, pies, and cakes will increase by at least 15% while at the same time the price of bread is “on fire”, which has come to a price of even 2.60 euros per kilo in Ilia.
How much bread is sold throughout Greece
According to a report by MEGA channel, bakeries that have so far managed to keep the price of bread below 1 euro, will make price increases of up to 20%.
But how much is sold per 1 kg of bread in Greece?
Olympia: 2.60 € (last Saturday it stood at 1.80 euros)
Milos: 2.50 euros
Serres: 2.40 euros (from 1.80 in February)
Ilia – Pyrgos: 2.40 euros
Nafpaktos: 2.40 euros (from 2 euros)
Amfilochia: 2.40 euros
Patras: 2 euros
Basic products at exorbitant levels
At the same time, there are rising costs for sunflower oil, olive oil, margarines, butter, sugar and cocoa and, above all, for gas and electricity.
Thus, say the people of the market, the increase of at least 15% in bakery products, buns, cookies, cakes and other sweets, which are based on soft flour, should be taken for granted.
Already from March 12-19 there were price increases in supermarkets:
Spaghetti: From 0.94 to 1.04 euros
Greek coffee: (96g): From 1.60 to 1.68 euros
Sunflower oil (1 liter): From 3.58 to 3.76 euros
Sliced toast cheese: From 2.72 to 2.78 euros
Eggs (six): From 2.09 to 2.29 euros
Chicken (kilo): From 3.23 to 3.43 euros
Dishwashing liquid (500 ml): From 1.30 to 1.46 euros
The price of a gyros is over 3 euros
Indicative is the price of a gyros which a while ago, apart from fast food, was also relatively cheap. It now tends to exceed three 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%