Food Prices in Greece Increase Less Than EU Average Over 15 Years

Food Prices in Greece Increase Less Than EU Average Over 15 Years

Business

Food prices in Greece have risen by 38.97% over the past 15 years, significantly lower than the 56.17% increase in the European Union, according to a recent survey by the Consumer Retail Research Institute (IELKA), CE Report quotes Athens-Macedonian

The study, based on Eurostat data, found that Greece's average annual price increase was 2.59%, compared to 3.74% across the EU. The most significant price hikes occurred from 2021 onwards, with Greece experiencing a 28.50% increase between 2021 and 2024, while the EU saw a 28.94% rise.

In contrast, during the 2010-2020 period, Greece’s prices remained stable, with much lower increases compared to the EU.

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