Shocking Eurostat data: Inflation in Greece skyrocketed to 9.4% in April reaching a new historic height. Inflation was 8% a month earlier, in March 2022.
According to the provisional data released by the European Statistics Authority, inflation rose in the eurozone to 7.5% from 7.4% a month earlier.
Looking at the main components of inflation in the eurozone, the energy is expected to have the highest annual rate in April (38.0%, compared to 44.4% in March), followed by food, alcohol and tobacco (6.4% , compared to 5.0% in March), non -energy industrial goods (3.8%, versus 3.4% in March) and services (3.3%, versus 2.7% in March).
Euro area #inflation up to 7.5% in April 2022: energy +38.0%, food +6.4%, other goods +3.8%, services +3.3% – flash estimate https://t.co/w6PvwGYiUH pic.twitter.com/AmCTAcMPCX
— EU_Eurostat (@EU_Eurostat) April 29, 2022
In Greece, annual inflation is expected to be 9.4% in April, however, the Greek Statistics Authority ELSTAT will release the data on May 15. It is estimated that ELSTAT will announce the inflation in April to have been over 10%.
The highest level of inflation in the eurozone recorded in April is in Estonia (19%), Lithuania (16.6%), Latvia (13.2%) and the Netherlands (11.2%). Lower inflation is reported in Malta (4.9%), France (5.4%), Finland (5.6%) and Italy (6.6%).
EU is even more screwed than US. They printed everyone into poverty and then added sanctions that ruin the life of millions and do nothing to the person they claim they are for. “Totally worth it for the greater good” right? As always. Last summer of humanity. Enjoy it