Inflation in Greece: The "nightmare" with food prices
Food prices continue to rally at high rates, causing great concern to consumers who "see" their incomes decrease. As the data released yesterday by the Hellenic Statistical Authority-ELSTAT showed, food inflation is more than three times higher than the increase in the general consumer price index. The situation has become unbearable in recent months, as the index in the group "food and non-alcoholic beverages" from 13.5% in September reached 14.8% in October 2022, touched 15% in November, and peaked at 15.5% in December, while in January it was at 15.4%. In February it "fell" a bit to 14.8% to be end up in March at 14.3%. Of course, it is worth noting that this imperceptible de-escalation does not mean anything to consumers, as these are large price increases, which come to be added to the previous ones.
- Published in Economy
