Anxiety caused by war grows in Greece, public turns to stockpiling

The ongoing conflicts in the Middle East are sending economic shockwaves to Europe. A recent public opinion survey in Greece observed that the public is re-evaluating daily expenditures and changing shopping habits amidst an environment of growing economic anxiety. Rising food prices, increases in energy costs, and supply chain issues are directly influencing citizens' decisions.

While anxiety rates across society are notable, 72 percent of adults have had to restrict both their budgets and consumption. According to the survey results, 6 out of every 10 people feel anxious and stressed about the future. Only a small segment states that they are not affected by recent developments.

A significant increase in demand for essential products has been observed in supermarkets recently. Ten percent of participants stated that they have already begun stockpiling against potential future price hikes or possible shortages. It was reported that approximately one-third of consumers have reduced their social activities, while the majority of spending has been reduced to essential needs.

Along with price increases, the fear of not being able to find products has also begun to spread. While the focus in previous months was only on bills and expensive food items, the public's concerns in the post-conflict period have intensified around supply security and market instability.

International research has also shown that Greek households were under economic pressure even before the war began. According to a study conducted in March, 57 percent of citizens stated that they could only meet their essential needs, while only a 13 percent group said there was an improvement in their living conditions.

According to experts, the increased demand for essential products is seen as a sign of insecurity and economic stress in society. The rate of those who specifically track prices and evaluate discount opportunities has reached 76 percent. Furthermore, 8 out of every 10 consumers stated that they are searching for affordable prices. Half of them follow a detailed budget plan while shopping.

Data from the last 20 years revealed that while the volume of shopping in Greece has remained almost constant, there has been an increase of up to 30 percent in prices.

Experts state that the uncertain environment in the Middle East is not just a short-term wave; they note that difficulties in the supply chain, high prices, and economic anxieties could permanently change the consumption habits of the Greek public in the long term.

News Source: 12punto