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

Australia Day 2026 Honours List recognises contributions of Greek Australians

Greek Australians are recognised in the Australia Day 2026 Honours List for service across law, medicine and community life.

Feminine resolve reborn in Karen Martin’s ‘Hypsipyle and the Curse of Lemnos’

Review of Karen Martin’s Hypsipyle and the Curse of Lemnos, a feminist retelling of Greek myth and feminine resolve.

South Melbourne FC cruise to 5–0 win to maintain perfect OFC Pro League record

South Melbourne FC maintained a perfect OFC Pro League record with a dominant 5–0 win over PNG Hekari FC in Auckland.

Proud debut for Geladaris as he bows out of Australian Open Juniors

Greek junior Odysseas Geladaris bowed out of the Australian Open Juniors with his head held high after a spirited Grand Slam debut at Melbourne Park.

Hall destroyed in fire at St Nectarios Greek Orthodox Church in Adelaide

A fire destroyed the community hall at St Nectarios Greek Orthodox Church in Adelaide, church and nursing home spared.

You May Also Like

Athens ‘lights up’ in honour of Foreign Heroes of the Greek Revolution

Athens’ streets are known to be rich in history and wherever you look around you there is a piece of the past.

Victorian MPs commended for historic recognition of Armenian, Assyrian, Greek genocides

The Federation of Pontian Associations of Australia has warmly welcomed the recent statements made in the Victorian Parliament.

Begona Untold Stories: ‘I was not one of the brides. I enjoyed the journey’

Despina Sahinidis travelled alongside 900 brides on the old Spanish ship Begona.