Consumers are most worried about price increases and inflation, according to data from IELKA

The energy crisis and price increases are the biggest problems of Greek consumers, as can be seen from the research conclusions of the Consumer Goods Retail Research Institute (IELKA). The survey, with a sample of 1,000 consumers, was conducted during the week of August 29 to September 2, 2022.

According to IELKA, the biggest fear now comes from the financial crisis faced by households due to the energy crisis and price increases.

31% state that they feel anxiety, 29% anger, 25% fear and 23% insecurity, while a percentage of 5% even states panic. Only 2% say they are indifferent.

At the same time, the public is gripped by feelings of anger at 27% and fear at 19% about the war in Ukraine, down from the April 2022 reading (30% and 26% respectively). The rates for the COVID-19 pandemic are clearly lower, but still there at 13% and 23% respectively, with anxiety rising from 19% in April’s reading. Notably, indifference rates for both issues have increased significantly, to 15% for the war in Ukraine and 23% for the COVID-19 pandemic.

The problem of inflation and price increases is assessed as the most important problem for consumers by 52% of the public, followed by energy costs with 39% and considerably lower the war in Ukraine with 4%, Greek-Turkish relations with 4% and finally the pandemic COVID-19 with just 1%. In fact, comparing the problem of today’s revaluations with past crises such as the fiscal crisis of the 2010s or the 2020-2021 coronavirus crisis, the public considers a much larger percentage of 64% that the current crisis is worse. This is followed by the fiscal crisis of the 2010s with 30% and finally the coronavirus crisis with 6%.

Specializing in the categories of revaluations, the research shows that energy and heating costs are the most burdensome for the public at 56%, followed by food products at 27%, fuel and transport costs at 13% and finally non-food products at just 1%.

The responses of the public are similar in relation to which expenses they need more financial assistance, with 97% declaring energy (89% a lot), 93% fuel (74% a lot), 86% food (but just 48% a lot) and 69% in the rental housing (only 42% a lot). At the same time, however, the majority of the public receives relative help with these expenses based on government initiatives. Based on their answers, 53% consider that they receive assistance in energy (10% a lot), 49% in fuel (4% a lot).

RES-EMP

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