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

Legendary Greek singer Marinella passes away

Marinella, one of Greece’s most celebrated singers, has died at the age of 87, marking the end of a remarkable career that spanned several...

The Greek government pilots ‘Cultural Prescription’: A holistic health care approach

Something very exciting is happening in Greece! A new and innovative health care program is being piloted here at the moment.

SoulChef Sundays: A Lenten table – Cod & Tahini

As Chef Georgia Koutsoukou - the Kalamata-born “SoulChef” - continues her SoulChef Sundays series with The Greek Herald.

Patricia Valeri Kotaridis driving change in Formula One fandom

Kotaridis is helping reshape the voice of Formula One fandom, bringing fresh perspective and inclusivity to a sport long dominated by men.

Greece to honour ‘Lady of Ro’ with statue marking legacy of patriotism

On the rocky islet of Ro, plans are moving forward to install a statue honoring Despina Achladioti, widely known as the “Lady of Ro”.

You May Also Like

Greece calls on NATO, the EU and United Nations to condemn Turkey’s provocations

Greece's government has sent letters to NATO, the UN and EU calling on them to formally condemn provocative statements by Turkey's Erdogan.

Ex-US ambassador Arthur Sinodinos comments on Donald Trump’s return

Former Australian ambassador to the US, Arthur Sinodinos, has given a candid reflection on his time in Washington.

29th Greek Film Festival opens in Sydney with comedy gold

Eager film lovers came together on Tuesday, October 15 to enjoy the highly anticipated comedy Hear Who’s Talking at the opening night of this...