Disproportionate rise in Greek food prices

Eurostat figures show lower food inflation in Greece than the European average, but higher price increases in food that this country is self-sufficient in.

Is this yet another Greek paradox or the result of the structural problems of the Greek market and the various distortions that still exist throughout the production, distribution and marketing chain, from the field to the shelf? 

Problems such as the small size of the market, the high dependence on imported primary and secondary materials, and even the transactional relations between producers, suppliers and retailers play their part.

According to Eurostat data, food prices in Greece in December 2022 increased by 15.6% on an annual basis, below the average in the European Union (18.2%) and below rich countries such as Germany, but also countries with similar characteristics to Greece, such as Portugal.

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