Greek market experts are forecasting a 15-20% rise in the price of basic goods, coffee, and cocoa in September.
These discrepancies persist despite the lower purchasing power of Greek consumers relative to those in other eurozone countries.
Making card payments seems to be particularly widespread and has become a systematic practice in Greek consumers' everyday life
As Stavros Kafounis, the president of the Athens Chamber of Commerce, points out, retail – excluding the sectors of food, automobiles, and fuels – "achieved" the target of 11 billion euros set for the sales of the fourth quarter of 2023, with store owners expressing satisfaction
Notably, branded baby formula in Greece exhibited a substantial price difference of 167% to 213% compared to the lowest prices identified in Finland and Sweden
The lowest charge in the green tariff has been announced by the Public Power Corp. at €0.13635 per kWh for monthly consumption up to 500 kWh
According to data from Circana (formerly IRI) for the ten-month period of January-October 2023, the largest sales volume increase was recorded in non-alcoholic beverages and snacks at +4.4%, and alcoholic beverages at +4.3%
Consumers express frustration, unable to find a clear answer to the fundamental question of whether electricity will be cheaper or costlier come the New Year.