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

From Greek taverns to cheat meals: Thanasi Kokkinakis’ food favourites

Thanasi Kokkinakis might be better known for his on-court achievements tennis, but off court he’s a serious food lover.

Hellenic Youth Club of Canberra thrives with community support

The Hellenic Youth Club (HYC) of Canberra has provided a dedicated space for Greek youth to connect since it was formally incorporated in 1973....

Hektor Giotopoulos Moore to represent Australia at 2026 Winter Olympics

Hektor Giotopoulos Moore will represent Australia at the 2026 Winter Olympics, competing in the Pairs figure skating event.

Sydney Olympic FC members press for clarity on governance and finances

Members of Sydney Olympic FC seek clarity on governance, financial deeds and constitutional changes, as questions continue.

Courtney Houssos announces $200m school maintenance program across NSW

Courtney Houssos details a $200m NSW school maintenance and upgrade program, with works completed at 850 public schools.

You May Also Like

Chevron granted approval for hydrocarbon exploration in South Crete marine areas

Greece’s Ministry of Environment and Energy announced that it accepted an expression of interest from US company Chevron.

Major gold and copper deposit to be extracted in Greece

A substantial gold deposit, estimated at 740.000 tons, has been identified at the skouries mine in northern Greece.

Strict security measures at Panagia Soumela Monastery for Divine Liturgy

The Apodosis of the Dormition of the Theotokos was commemorated with solemnity at the historic Monastery of Panagia Soumela in Turkey.