Greeks cut down on basic foods

The mean monthly household expenditure of households successful Greece remained acold from the levels of the pre-crisis play past year, affected by little incomes, but was up connected 2023 successful existent prices, chiefly owed to inflation.

These are, aft all, the main causes for the widening of the spread betwixt the expenditure of the richest and poorest segments of the population. It is nary coincidence that the lockdowns caused a simplification successful the quantities consumed by households successful basal nutrient items such arsenic olive oil, bread, dairy products and eggs.

According to the 2024 Household Budget Survey the Hellenic Statistical Authority (ELSTAT) published connected Thursday, the mean yearly expenditure of households connected purchases successful the year 2024 amounted to 20,694.48 euros (€1,724.54 per month), increasing 3.6% successful existent prices compared to 2023.

In changeless prices, the mean yearly expenditure of households accrued by 1%, oregon €213.55, owed to inflation, according to the Consumer Price Index for 2024, which was 2.6%. Compared to 2008, the year earlier the fiscal crisis, the mean yearly expenditure of households was 16.6% little successful 2024. The mean monthly expenditure astatine existent prices was little successful 2024 adjacent compared to 2011 (€1,783.86), when Greece was already successful the streamlining process.

The largest portion of the expenditure, 20.7%, was directed to nutrient and non-alcoholic beverages, against 21% successful 2023. However, successful implicit terms, expenditure accrued by 2.2% successful 2024 against 2023. Some 14.4% of household budgets were directed to lodging successful 2024 from 14.2% successful 2023, with the value of expenditure astatine existent prices expanding 4.5% past year. Another 13.3% of expenditure acrophobic transport, 11.8% expenditure connected nutrient and connected hotels and 7.8% connected health. However for the poorest households 33.5% of their expenditure went to nutrient and non-alcoholic beverages.

The summation successful prices led to a alteration successful the depletion of olive lipid by 13.9%, eggs by 5.6%, alcoholic beverages by 5.5%, breadstuff by 3.7%, and beverage by 3.6%.