INFLATION

Why fruit and veg prices keep rising in Greece
INFLATION

A simple walk around an open-air market is enough to see the steep upwards trajectory of prices, with watermelon going for 1 euro/kg, tomatoes for €2.50/kg and green beans for €5/kg.


Price transparency to help consumers in Greece
ECONOMY

Big supermarkets in Greece will need to share their price lists for basic foods with authorities, the government said on Wednesday, in an effort to help households grappling with rising food costs.

Fines to come against ‘greedflation’ price hikes
ECONOMY

A law capping the profit margins on basic essential goods could also apply in the following year if inflation persists, Development Minister Kostas Skrekas said on Sunday at the OT Forum held at the 87th Thessaloniki International Forum.





More price hikes on the way
INFLATION

Over one in five small and medium-sized enterprises plans to raise their prices of goods or services in the second half of 2023, showing that inflationary pressures will continue for some time to come.

Data highlight greedflation
INFLATION

Corporate profits accounted for 50% of Greece’s GDP price deflator in the first quarter of 2023, a percentage that is the third highest among EU member-countries, according to the Greek market watchdog.

No sign of food price rise abating
INFLATION

Only a decline in consumption, which could lead to an economic recession and signal the entry of the Greek economy into a new vicious cycle, can now lead to a reduction in food prices.


Inflation falls to 3.4% in August
ECONOMY

Greece’s Harmonized Index of Consumer Prices (HICP) dropped slightly in July, from 3.5% to 3.4%, preliminary data from the European Union’s statistics agency Eurostat showed Thursday.

Electricity prices are spiking
ECONOMY

Even with a slight drop Monday, Greece’s wholesale electricity market remained the most expensive in the European Union.

Food prices soar in Cyprus
ECONOMY

In July, the Prices Observatory conducted by Cyprus’ Consumer Protection Service (CPS) recorded increased prices for 32 out of 45 categories of staple foods.