
Consumers in Greece pay five times more for essential food items compared to other Europeans, verifying the accuracy of Eurostat’s most official data about the high cost of living in Greece, in November 2023.
Despite the government handing out fines and imposing caps on margin profits, businesses continue to overprice products using geopolitical upheavals, supply chain issues and energy prices as an excuse.
Furthermore, the ‘household baskets’ that the government invented to supposedly check market prices have not been effective in controlling revaluations.
Eurostat’s latest data (Nov. 2023) on inflation shows the dire situation Greek households are in with the annual price changes in essential food items in Greece continuing to reveal higher increases compared to the European average.
More specifically, revaluations of products in the ‘oils and fats’ category in Greece have reached approximately 31.5% compared to a mere 5.9% in the European Union. Additionally, meat, fish and egg prices follow the same trend; with increases in Greece reaching 7.9% for meat compared to 4% in the rest of Europe, 9.5% for fish compared to 5.8% in Europe and 8.6% for eggs compared to 2.5% in other European countries.
Finally, prices of cheese are soaring in Greece, with revaluations reaching 10.1%. It is higher compared to Italy (2.9%) and Spain (4.4%) with the European average rate at 2.9%.
According to the trading economics list for food inflation in countries located in continental Europe for November, Greece has a higher food inflation rate (8.89%) compared to the overall countries of Europe, excluding Iceland, Norway, and Spain.
Source: tovima.com


Latest News

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread

Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion

Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece

Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece

Pope Francis: A Pontiff Who Reshaped the Papacy and Sparked a Global Conversation
His first words from the balcony of St. Peter’s Basilica—“Brothers and sisters, good evening”—set the tone for a pontificate that would challenge norms, favor mercy over dogma, and bring the papacy closer to the people.