Rising inflation taking larger chunk out of Greek retirees’ pensions

·

Pensioners in Greece are feeling the hit of the rising global inflation and are struggling to keep up with the increasing cost of living including the energy prices taking a toll on households. 

Greek pensioner, Christos Vassilopoulos spoke to international media about his rising monthly bills and said that the totals are huge. 

“My pension has not changed. Things are becoming ever more expensive. What can be done? Prices are going up like crazy.” the pensioner said. 

“You go to the market and find a product that sells for, say, three euros. The next day, the same thing costs six euros already.”

An elderly woman buys vegetables at a street market in Athens, Greece. Photo by Lefteris Partsalis/Xinhua

In 2023, the government will raise pensions by up to 7% for the first time in 12 years but for Vassilopoulos it is not enough to mitigate the financial damage that this will do to his and many others’ household bills. 

The Hellenic Statistical Authority (ELSTAT) reports that in September, Greece’s inflation rate was 12 percent. Natural gas prices increased by 332 percent in the same month compared to the same time in 2021, while heating oil and electricity prices increased by 65.1 and 30.5 percent, respectively.

In early October, the country’s pensioners’ associations staged a protest in the capital, demanding an increase in the minimum pension from 384 euros to 650 euros per month.

“How can a family live on 400 euros?” said another pensioner, Evgenia. 

Source: English.news.cn

greek film festival melbourne

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Greek film festival turns 30 with a Stellar Line-Up of Award-Winning films

The Greek Film Festival is celebrating a major anniversary this year - 30 years of bringing Greek stories to Australian screens.

Summer School for Greek Language teachers in Australia

For the first time in Australia, a specialized online summer school will be held for teachers of the Greek language in the diaspora.

Children’s week at the Greek Community of Melbourne

As part of Children’s Week the Greek Community of Melbourne Schools are taking part in the celebrations organised by the Victorian Government

Get Online Week at the Greek Community of Melbourne

As part of Get Online Week 2025, the Greek Community of Melbourne and Victoria will proudly join Good Things Foundation’s national campaign.

St Benedict School in Mt Torrens rejects screens, embraces ancient Greek philosophy

Established in early 2024 by members of the Catholic Church of the Holy Name, St Benedict has grown to around 50 students.

You May Also Like

Sifis Tsourdalakis: Music rooted in Cretan tradition

Born in Melbourne, Victoria in 1975, Sifis Tsourdalakis was raised in a household steeped in the melodies and rhythms of Crete.

Harry Michaels sells rare Point Piper apartment for a whopping $3.7 million

TV entrepreneur and Number 96 actor, Harry Michaels, has sold his Point Piper Spanish Mission apartment for $3.7 million.

Greek Orthodox Community of NSW holds successful Kids Taverna Night fundraiser

The annual GOCNSW's Kids Taverna Night on Friday, August 29, at the Greek Community Club proved to be a resounding success,