Retail prices keep increasing

A typical supermarket "basket" in Greece may be cheaper compared to other European countries, but it is not cheap, as the difference with other countries is very small, while the difference between incomes in Greece and Europe is often chaotic. 

Therefore, the average basket in the United Kingdom may be 21% more expensive than the equivalent in Greece, but at the same time average annual earnings in the UK are more than double those in Greece. Even in Portugal, where prices for basic groceries are notably lower than in Greece, average annual earnings are 23% higher than in Greece.

According to a recent report by the Organization for Economic Cooperation and Development (OECD), the average annual salary in Greece in 2022 was 23,736 euros, while in Portugal in the same year it was €29,166 and in Spain €39,160. The supermarket basket in Portugal, including VAT, is 3%...