Greek market experts are forecasting a 15-20% rise in the price of basic goods, coffee, and cocoa in September.
Returning from their holidays, Greeks will be faced with another round of price hikes for basic goods such as milk and butter.
According to a report in To Vima, prices for are set to increase by 15 to 20%. Items expected to mark increases include coffee and cocoa, the price of which already rose earlier this year, as well as dairy products, fresh juices, soft drinks, fish, and tea.
Speaking on MEGA channel, Panagiotis Georgiadis, representing the country’s consumer institute INKA, said the hikes are expected in September and will mainly affect F&B businesses that serve coffee, the price of which, he said, will increase to around 4 euros.
According to ELSTAT data, inflation in July increased by 2.7% from 2.3% in June and food inflation by 2.4% from 2.1%.
Georgiadis added that water shortages and drought as a result of the fires combined with increasing tourist flows will further boost prices. In July, the cost of olive oil soared.
Meanwhile, earlier this week, an EU report found that Greece was below the EU average at 19.2% with regard the cost of living.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.
