Despite slowing inflation rates, Greek households continue to face an expensive daily
Despite slowing inflation rates, Greek households continue to face an expensive daily reality, prompting widespread cuts to family budgets and squeezing consumer spending.
An analysis by the Piraeus Chamber of Commerce and Industry (PCCI) finds that nearly 80% of Greeks have altered their household budgets as high prices persist across food, housing, services and energy. Businesses, meanwhile, report lower sales volumes and ongoing pressure from operating costs, particularly rent and electricity.
The Chamber describes a key contradiction in the Greek economy: inflation rates are falling, but the cost of living is not. While headline figures suggest improvement, everyday expenses remain elevated, leaving households and businesses stuck with persistently high living costs.
Inflation Eases, Costs Accumulate
According to Eurostat, Greece’s inflation rate stood at 2.9% in December 2025, unchanged from previous estimates. By comparison, inflation in the eurozone fell to 1.9%, while the EU average eased to 2.3%, confirming a broader slowdown in price growth across Europe.
Although inflation in Greece has declined sharply from previous years and now sits closer to the eurozone average, accumulated price increases from 2021 to 2025 continue to weigh heavily on households. Annual increases remain significant, with prices up 7% for food and beverages,
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