The poorest households spent more than half their income on basic needs such as food and shelter.

Specifically, 55.8% of the monthly expenses of the poorest households were absorbed last year by housing and food expenses, according to data from ELSTAT.

In particular, the share of the average expenditure on food and non-alcoholic beverages and housing of the households of the poorest 20% of the population amounts to 55.8% of household expenditure, while the corresponding share of the richest 20% of the population amounts to 24.8 %

Households increased their spending by 5.3% compared to 2022, according to the data published today by ELSTAT, the average monthly expenditure of households reached 1,685.26 euros per month, but about 50% of households had expenditures above 1,315 euros per month. The average monthly spend for Greek households in 2008 reached 2,120.3 euros.

The average annual household expenditure in 2023 appears reduced by 20.5% compared to 2008.

ELSTAT

Which reduced consumption by households

However, households reduced consumption by 13.6% in olive oil, by 12.7% in alcoholic beverages, by 11.8% in fish, by 10.7% in rice and by 6.1% in cheese and meat .

ELSTAT