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

Simela Petridis advances to Australian Idol Top 12

Greek Australian singer Simela Petridis has secured a place in the Top 12 of Australian Idol 2026. Read more here.

Heidelberg United backs MND fight with special match honouring Ange Goutzoulis

Heidelberg United has launched its 2026 season while rallying behind club legend Ange Goutzoulis, dedicating an upcoming home match to MND.

Historic Greek restaurant Diethnes to close after more than 70 years in Sydney

One of Sydney’s longest-running Greek restaurants, Diethnes, will close its doors at the end of May. Read more here.

Billionaire George Prokopiou sends tankers through Strait of Hormuz despite war risks

Greek billionaire shipowner George Prokopiou has sent at least five tankers through the Strait of Hormuz amid conflict in the Middle East.

Albanese announces military support for Gulf states amid Iranian attacks

Australia will deploy an E-7A Wedgetail aircraft and 85 personnel to the UAE to help defend Gulf states from Iranian attacks.

You May Also Like

Health hazards rise in Greece flood zones

A total of 48 people in the regions that experienced severe flooding were diagnosed with gastroenteritis and respiratory infections.

Mike Lazaridis: Father of the smartphone and science philanthropist

Mike Lazaridis is well-known as the father of the smartphone and science philanthropist. This is his story.

Matthew Palavidis denies allegations of sexual touching at Merivale venue in Sydney

Matthew Palavidis has pleaded not guilty to sexually touching a cocktail waitress without consent during a lunch at Mimi’s in 2023.