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Close To Two Thirds Of Greeks Say Current Inflationary Crisis 'The Worst Yet': IELKA

By Steve Wynne-Jones
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Close To Two Thirds Of Greeks Say Current Inflationary Crisis 'The Worst Yet': IELKA

Close to two thirds (64%) of Greek consumers say that the current inflationary situation is the 'worst crisis they have faced to date', according to a study by IELKA, the Greek Consumer Goods Research Institute.

According to the survey of 1,000 consumers, carried out between August 29 and September 2, 27% of Greek consumers are concerned about food price increases, while more than half (56%) are worried about the increasing price of energy.

Other inflationary concerns cited include fuel and transport costs (13%) and products other than food (1%).

Financial Assistance

When asked in what areas they would like to see more financial assistance, some 97% responded that they are seeking assistance with their energy bills (89% saying 'a lot'), with 93% citing fuel, 86% citing food and 69% citing housing/rent.

At the same time, however, the majority of the public receives relative help with these expenses, based on government initiatives, IELKA said.

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Anxiety And Anger

The survey also asked Greek consumers how they felt on a personal level about the current inflationary situation. Close to a third (31%) said that they felt anxiety, with 29% saying they felt angry, 25% fearful, and 23% insecure, with a small percentage (5%) saying that they felt panic about the whole situation.

Inflation is seen as the most important issue for consumers (52%), well ahead of concerns over the war in Ukraine (4%), Greek-Turkish relations (4%) and the COVID-19 pandemic (1%).

'The general conclusion of these findings is that for the consumer public the biggest problem today in financial terms is the cost of energy,' IELKA said.

© 2022 European Supermarket Magazine – your source for the latest A-Brands news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

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