Research by the Institute of Consumer Retail Research (IELKA) analyzes data provided by Eurostat on inflationary food trends in 2025. Specifically, prices were examined in August 2025 compared to August 2024.
The following conclusions came from the survey:
Food inflation in Greece is recorded at 2.6%, according to the harmonized Eurostat consumer index, which reflects the change between August 2025 and August 2024. In total, the European Union records 3.9% food inflation. Greece records this month the 4th lowest price in the European Union. The highest price is recorded in Romania with 9.1% (which implemented increases in VAT rates in the past) and the lowest in Cyprus with a -2.3% deflation, which applies a zero VAT rate to several basic species in 2025.
It is noted that the Eurostat index concerns all food and drink points, that is, outside supermarkets and small non -specialized sale, grocery stores, specialized shops, bakery, butchers, fruit shops, popular markets, etc.
Figure 1: Evolution of Food and Non-Alcohol Price Evolution 8/2024-8/2025 (Source: Eurostat)
It should be noted that this trend is recorded at general prices over time in Eurostat measurements. Specifically, as shown in Figure 2, from January 2018 to August 2025, in 92 months, Greece recorded lower food inflation from the European Union for 73 months. The only periods in which Greece appears to record greater inflationary pressures on food from the European Union are the period from January to June 2022 and from October 2023 to June 2024, this is the period of ratings in olive oil, which in the Greek basket is much greater. Since October 2024, lower indicators have been recorded in Greece than the European Union.
Figure 2: Evolution of Food and Non-Alcohol Price Evolution 8/2024-8/2025 (Source: Eurostat)
Specifically the price of fresh meat and the price of fresh beef, in Greece there is 7.5% inflation for fresh meat and 15.7% for fresh beef. Although these prices are higher than the European average, 4.5% and 11.8% respectively, Greece records one of the lowest performance compared to other countries in raw beef and is in 10th place. France records the lowest increase with 6% while the Netherlands its highest increase with 29.8%.
Fig.
The main reasons for raising beef price in the European Union are:
Reduce production / restrictions on offer. The production of beef in the EU is on a downward trend: in 2023 the EU produced about 6.4 million tonnes of beef and veal, about 3.8 % less than 2022.
Costs and pressures on the inputs. Increased prices for feed, energy, transport and regulatory compliance raise the cost of breeding and processing, which is passed on to the final values of the beef.
Changes in trade flows. EU beef exports have increased (especially to countries such as Turkey and Algeria), while the increase in imports remains relatively limited. This helps to maintain high prices in the internal market.
Figure 4: Indicative Producer of European Union Producer for Vioe Meat (young male animal) Price at € 100 kg (source: Eurostat)
In terms of other food subcategories, Greece records lower inflation than the European Union in bread and cereals 1.0% versus 1.9%, in dairy 0.2% versus 4.6%, in fats and oils -20.3% versus 6.0%, in sweets 6.5% versus 7.5% in 7.5% in 7.5% in 7.5% in 7.5%. Alcoholic beverages 6.4% versus 8.5%, while it records higher inflation than the European Union in fruits 19.2% versus 9.5% and 0.4% against 0.3%.
Figure 5: Food Category Category Evolution Index
Source: Skai
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