ECONOMY

Greeks turn back on retsina wine

Greece’s statistics office has dropped retsina wine from a basket of goods used to measure inflation as it is no longer included in average household spending budgets.

The Hellenic Statistical Authority (ELSTAT) dropped 10 items from the basket of goods and added another 26 to adjust to modern-day shopping habits.

Apart from no longer including the well-known resinated wine, ELSTAT dropped the price of floppy discs, personal CD players, film for cameras and matches from household budgets, among other items.

Greeks, however, are becoming more health conscious, according to the results of 3,500 households surveyed in 2009 from across Greece. Previous changes to the price index took place in 2005.

The prices of low-fat cheese, low-cholesterol margarine and wholemeal biscuits will now have a place in the basket that shows the rate at which prices in the country change.