Greek households remain pessimistic over 2023 mainly because of the consequences of price increases, the Institute for small and medium sized enterprises of GSEVEE said on Wednesday (Greece time).
The survey showed that households were pessimistic over future finances, negatively affected by price increases, with 56.7 per cent of respondents saying they had to cut spending on basic needs (considerably), another 28.4 per cent said they cut spending (a little) and 14.8 per cent responded negatively.
GSEVEE said government measures to address the impact of price increases on household incomes were seemingly not enough. 51.9 per cent of households expect their finances to deteriorate in 2023, a trend recorded for the first time since 2018.
Beyond the impact of the high inflation rate, Greek households cited the deteriorating adequacy of their incomes as another negative factor. More specifically, 52.4 per cent of respondents said their monthly income covered 18 days (on average), a development related to price increases in electricity and food. More than 60 per cent of households said a government measure to freeze prices on a basket of consumer goods had not helped in pushing prices down and 51.1 per cent said the most efficient measure was wage and pension increases.
Source: AMNA
