Inflation continues to hit Greek households hard, undermining purchasing power and living standards.
Inflation continues to hit Greek households hard, undermining purchasing power and living standards. According to recent research by IME GSEVEE, more than six in ten families report struggling to make ends meet each month. For low-income households earning up to 12,000 euros annually, money runs out within the first two weeks. Nearly 72% of citizens are forced to cut back on other expenses just to cover basic needs, viewing rising prices as the greatest threat to financial stability.
Widespread Consumer Pessimism
The cost-of-living crisis is no longer limited to low-income households. Middle-income earners, with monthly incomes between 1,200 and 2,000 euros, are also feeling the pressure, with 51.4% reporting difficulty in meeting monthly expenses. Greeks emerge as the most pessimistic consumers in the European Union, far ahead of their counterparts in Estonia and Hungary.
Greece’s Place in Global Rankings
The 2025 Numbeo Cost of Living Index, which compares prices for goods, services, and rents relative to New York City, places Greece in the top 50 of 143 countries, with an index of 34.4. By comparison, Switzerland (82.3) and Singapore (80.9) rank among the highest, reflecting high wages and expensive real estate markets. Within Europe, Iceland, Ireland, and Norway also feature prominently
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