Despite yesterday’s (1.10.2025) indication of inflation deceleration, the weight of precision in Greek households It remains large with the cumulative increases in recent years not even intellectually balanced.
The image of accuracy indicators and official price data shows that the pressure on households in basic goods and services has become structural.
The situation is also reflected on the climate front among consumers, with the effects of the announcement of TIF measures in favor of income, to be anemic. IOBE’s consumer confidence index has improved in September, but remains on deep negative soil and much lower than the EU average.
This translates into constant cautiousness of households against expenses beyond the absolutely necessary and prioritizing savings for “security” reasons. Simply put, any disposable income is eaten by prices before it can be consumed.
The reasons for the low consumer confidence of the Greeks are that increases in the last five years have been “installed” in prices and individual deceleration and reductions are not enough to reverse the image.
Eurostat data reflect the magnitude of the cumulative price increase from 2020 to August 2025:
- In food and non -alcoholic beverages prices are about 34% higher.
- In consumer items out of energy the increase is almost 13%.
- Rents have risen about 24%.
- Energy, despite the decline from the 2022 peaks, remains about 22% above January 2020 levels.
- Overall, the Consumer Price Index is about 21% higher than then.
Compared to the rest of the eurozone, Greece is still moving with greater cumulative increases in critical groups such as food, while the basket of consumer items out of energy remains close but not lower than European levels. In rents, the rise is noticeable and persistently above the pre -crisis rates, adding pressure to urban centers specifically.
This explains why the climate of households “resists” a possible improvement in overall inflation, as the cost of everyday life has moved permanently higher, to levels that “eat” the income increases that are taking place, and will continue to do so if prices do not retreat.