Food inflation in Greece stood at 10.8% in August compared to 10.2% in the eurozone, with the amount of price increases in several basic products being significantly higher in our country.
Based on Eurostat’s figures, Greece’s harmonized consumer price index in 25 basic food categories was higher in August compared to the eurozone average in a total of fourteen products, including meat, fruit, butter and eggs.
More specifically, the price of beef recorded a “rally” in August, increasing by 11.1% in Greece compared to 5.4% in the eurozone.
In addition, the price of pork rose 14.8% in Greece compared to 8.8% in the eurozone.
Dairy products also moved upwards, with the exception of yogurt. The growth rates in the domestic market are higher than in the eurozone and stand at 11.9% for the entire category compared to 10.6% in the eurozone and 6,3% in fresh milk (5.4% at the eurozone level), while the price of cheese recorded an increase of 15.4% compared to 11.4% in the eurozone.
On the contrary, yogurt prices in Greece showed an increase of 9.3% in August, while in the eurozone the increase was 11.2%.
The price of butter rose by 7.1% in Greece, when in the eurozone it decreased by 7.7%.
Olive oil in Greece rose significantly by 23.5%, however, below the shocking level of 38.3% in the eurozone.
As regards fruit and vegetables, price increases amounted to 10.6% and 17.5% respectively.
The category which records a clearly more improved picture in terms of increases is sugar. More specifically, the price of sugar in Greece rose 25.7%, however, the percentage is significantly lower than the 48.7% displayed by the eurozone.
Unfortunately, the fires of August and the unspeakable devastation of Thessaly in the aftermath of the floods are re-igniting food inflation as both the animal and plant capital of the country have suffered enormous damage.
Although there have not yet been significant product shortages, it is estimated that this will be seen in the coming weeks.
As “Naftemporiki” has already reported, the first estimates from the market place the amount of price increases in basic food products such as milk, cheese, legumes, pasta, meat, fruit and vegetables ranging from 15% to 30 % in the near future.
