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Greece’s inflation rate rose 0.6 percent in May due to price increases in food, communication

The Greek annual inflation rate grew 0.6 pct in May this year, after a zero change in April, and an 1.2 pct rise in May 2017, the Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, attributed this development in the consumer price index to price increases in foods/beverages (0.4 pct), alcohol/tobacco (1.6 pct), health (0.3 pct), transport (3.0 pct), communications (3.3 pct), education (0.2 pct), hotel/restaurants (1.5 pct) and to price declines in clothing/footwear (1.1 pct), housing (0.8 pct), durable goods (0.7 pct), entertainment (1.0 pct), other goods and services (0.5 pct).

On a monthly basis, the consumer price index fell 0.3 pct in May from April after a 0.9 pct decline recorded in the same period last year.

Greece’s harmonised annual inflation rate grew 0.8 pct in May after an 1.5 pct rise recorded in May 2017 and an increase of 0.5 pct in April 2018. On a monthly basis, the harmonised inflation rate grew 0.1 pct in May from April. amna

Ps This is what I have been saying the whole time: a price increase of a euro here, give euros there, and soon you need 30-40 euros more per month. A disaster for low-incomers and low-pensioners.

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One comment

  1. Greece is expensive, at least as expensive as France & UK! It’s a walking, talking nightmare.