Food prices in Greece increased by 38.97% over the past 15 years, according
Food prices in Greece increased by 38.97% over the past 15 years, according to the latest study released this week by Greece’s Research Institute of Retail Consumer Goods (IELKA).
Between 2021 and 2024, the cost of food in Greece increased by 28.50%, reflecting an average annual rise of 9.50%. In comparison, EU food prices climbed by 28.94%, with an annual increase of 9.64%.
While food prices in Greece have risen, the rate of increase is still significantly lower than in other EU countries. According to the study’s findings based on Eurostat data, food prices across the EU rose by 56.17% during the same 15-year period. On an annual basis, Greek food prices increased by an average of 2.59%, compared to 3.74% in the EU.
However, disposable income in Greece is still much lower than the EU average.
Other key findings:
- The sharpest price hikes occurred after 2021, both in Greece and across the EU.
- Between 2010 and 2011, Greek food prices rose by 8.14%, but the annual average increase from 2010 to 2020 was just 0.67%, compared to 1.75% in the EU.
- Food prices in Greece remained stable between 2010 and 2020.
- Greece saw lower price increases in eight out of nine food categories compared to
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