In a recent survey conducted by MEGA TV, it has been revealed that a four-member family requires a monthly budget ranging between 700 and 1,110 euros for essential groceries from both the supermarket and the butcher shop.
For food expenses alone, one needs to spend between 150 and 300 euros on meat, 100 to 200 euros on dairy and deli products, 100 to 200 euros on fruits and vegetables, 50 to 100 euros on pasta, rice, and bread, and 70 to 180 euros on snacks, juices, and soft drinks.
Families with children express that an entire monthly salary is now dedicated solely to covering the fundamental necessities for their daily table and household needs.
According to estimates, food prices in 2024 are expected to increase by an average of 4.6%, adding to the revaluations of 2023 that exceeded an average of 7.2%. Canned goods are projected to increase by 14%, legumes and rice by 10%, and cereals by 8%.
It is noteworthy that essential household items closely follow food costs, significantly impacting overall expenses.
According to official data, over the past 11 months, the price of detergents and cleaning products has increased by 11.6%, while household paper products have been revalued three times during the same period.
As a consequence of these financial challenges, consumers are actively engaging in a “safari” for discounts and promotions, striving to make ends meet by the end of the month.
Latest News
DM Dendias: We talk With Turkey But We Always Bring Up Their Unacceptable Positions
Second and last day of closely watched conference, entitled 'Metapolitefsi 1974-2024: 50 Years of Greek Foreign Policy', also included appearances by PM Mitsotakis, Ex-PM Tsipras and PASOK leader Nikos Androulakis, among others
Rhodes Airport Tops Fraport Greece’s Regional Airports in 2024 Performance
According to Fraport's data, more than 35 million passengers (specifically 35.2 million) were handled by Fraport-managed airports during the 11 months.
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.