Basic food continues to be more expensive

Consumers in Greece still pay significantly more for bread and meat compared to the other countries of the eurozone, as, despite the reduction of inflation, food price hikes continue.

Moreover, even in cases where the increases in Greece are now lower than those in the eurozone, they remain in double digits for several products, while per capita income has recorded a much lower increase. Also worrying are the messages from multinationals such as Unilever and Mondelez, which, one after another, are announcing continued price hikes in Europe in order to support their profits.

According to Eurostat data, food inflation was 14.1% in Greece in March 2023 compared to 17.9% in the eurozone. However, year-on-year price increases are much higher in Greece compared to the eurozone average in several products, most notably bread and meat, which is largely related to Greece's...