Supermarket Cost – Greece Compared to Seven EU Countries

The study analyzed 6,000 product prices across 44 supermarket chains in Greece, France, the United Kingdom, Spain, Italy, Portugal, Germany, and Romania.

This recurring survey highlights Greece’s relatively lower retail food prices, despite ongoing concerns over inflation and the cost of living across Europe.

Excluding VAT from the average cost calculation of the “household supermarket basket” makes the discrepancy between Greece and the seven countries even more pronounced.

Specifically, prices in Germany are 54% higher, in France and the UK 33% higher, in Italy 23%, in Spain 18%, in Romania 14%, and in Portugal 10% higher than in Greece.

However, despite the comparatively favorable price gap for Greek consumers, other important indicators, like special consumer taxes, the overall tax system, and, most importantly, the real income, should be factored in to reach a more accurate conclusion.