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

Share:

KEEP UP TO DATE WITH TGH

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

Latest News

Iran vows revenge as Israel hints at targeting new supreme leader

Iran’s new supreme leader has vowed revenge while Israel signals it may target Tehran’s leadership as regional tensions escalate.

Angelo Tsarouchas: ‘We need comedy now more than ever’

After decades on the road collecting strange, hilarious encounters across the globe, Angelo Tsarouchas has no shortage of stories.

Sydney Orthodox youth gather for blessing and message of hope from Archbishop

On Tuesday, His Eminence Archbishop Makarios of Australia met with young participants of the GO Youth Initiative in New South Wales.

‘Five Loaves’ charity program launched at Marrickville parish to help those in need

His Eminence Archbishop Makarios of Australia inaugurated the “Five Loaves” charitable program at the Parish of Saint Nicholas.

AHEPA Sydney & NSW High Tea raises $10,000 for cancer research

A fundraising High Tea event organised by Philanthropy - AHEPA Sydney & NSW over the weekend was a resounding success.

You May Also Like

Hellenic Lyceum of Sydney farewells Greek Consul General

The Hellenic Lyceum of Sydney hosted a farewell dinner at China Doll Restaurant in Woolloomooloo to honour outgoing Greek Consul General.

Melbourne tech guru Mike Sentonas at centre of global IT outage

Melbourne man Mike Sentonas found himself caught in the middle of a global tech outage that sent chaos rippling around the world.

SA Premier Peter Malinauskas introduces Bill for First Nation Voice to Lower House

Premier Peter Malinauskas introduced a bill to enshrine a South Australian First Nations Voice to Parliament.