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

Cretan Convention - Web Banner

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

St Benedict School in Mt Torrens rejects screens, embraces ancient Greek philosophy

Established in early 2024 by members of the Catholic Church of the Holy Name, St Benedict has grown to around 50 students.

Greece’s stolen treasures find a digital voice in UNESCO’s Vanishing Museum

UNESCO’s Virtual Museum of Stolen Cultural Objects, launched at MONDIACULT 2025 in Barcelona, offers a new way to confront cultural loss.

Michael Tassis included among SEQ’s leading hospitality bosses

With 11 venues already thriving and a twelfth on the way, Tassis has cemented his place as one of Queensland’s most dynamic restaurateurs.

EU to replace passport stamps with biometric border system

The E.U. is preparing to phase out traditional passport stamps for non-EU travelers, introducing a new digital border control program.

Parthenon free of scaffolding for the first time in 15 years

For the first time in over 15 years, Athenians and visitors can enjoy an unobstructed view of the Parthenon.

You May Also Like

Cyprus: Historical and political responsibilities of a national tragedy (Part 3)

The prosperity and the noteworthy contribution of the Cypriots of the Diaspora was not a creation out of nothing.

Maria Kakali named Ambassador for 2024 NSW Community Languages School Program

Maria Kakali has been selected as a Community Ambassador for the New South Wales Community Languages School Program 2024.

Mass grave discovery in Thessaloniki unearths painful memories of Greece’s civil war

While installing benches near the Yedi Kule fortress, workers unearthed a mass grave—33 skeletons, some with bullets in their skulls.