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Cost of living
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Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling
The output index in agriculture recorded an increase of 28.7 percent year-on-year (YoY) in July, from 30.6 percent in the previous month, ELSTAT data showed last week, underlining the challenge households are facing with respect to food prices.
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Workers lost almost 9 pct of real income last year, research shows
The Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE.
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Government dampens expectations for handouts in PM's speech
In less than three weeks, Prime Minister Kyriakos Mitsotakis will attempt to set the tone for his government’s second term in office, when he delivers the keynote speech to mark the opening of this year’s Thessaloniki International Fair (TIF), but aides have started to dial down expectations that the address will be an opportunity for the PM to make significant economic pledges.
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Govt looks to tax bonanza for autumn handouts announcement
The government appears confident that it has enough ammunition in the budget to announce another round of support measures, which it hopes will demonstrate that it is determined to tackle the ongoing cost-of-living crisis.
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Despite drop in input costs, rising agriculture output prices cause inflation concerns
Food inflation is currently the most prominent challenge for households, and there was more worrying data on this front from ELSTAT on Friday in the form of the release for input and output price index in the agriculture and livestock sectors.
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Government focusses on cost of living with economy bill, push for lower ferry prices
The government is continuing its legislative spurt before the summer break in August with the unveiling of its second bill, which covers the economic pledges it made during the election campaign and which attempts to address continuing concerns about the cost-of-living crisis in Greece.
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PBO sees normality returning, but inflation will have multifaceted effects
The Parliamentary Budget Office (PBO) published its latest quarterly report on Tuesday in which progress is outlined along with challenges for the Greek economy as the government starts a new term under the spectre of inflation.
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Consumer scorecard finds Greeks struggling most in EU with cost of living crisis
The European Commission published on Tuesday the annual consumer conditions scorecard for 2023, a report that captures consumer habits based on surveys that took place in October and November 2022.
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New Democracy pins hopes on minimum wage hike to reverse poll losses
The New Democracy government has unveiled an inflation-busting minimum wage hike a day after the latest wave strikes and protests over the rail accident at Tempe brought towns and cities across the country to a standstill.
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PM hails uptake of food voucher scheme amid growing evidence of hardship
New Democracy continues to roll out support measures in the run-up to spring elections, with the launch of the so-called “Market Pass” hailed by the prime minister as the latest in a string of government initiatives to tackle the cost-of-living crisis.