Inflation in Greece broke a 27-year-record in April reaching 10.2%, Greek Statistics Authority ELSTAT announced on Tuesday. The rise of the Consumer Price Index reached a historic high since 1995.
Consumer Price Index (CPI) of April 2022 (reference year 2020=100.0) is depicted as follows:
The CPI in April 2022 compared with April 2021, increased by 10.2%. In April 2021, the annual rate of change of the CPI was –0.3%.
The CPI in April 2022 compared with March 2022, increased by 2.1%. In April 2021, the monthly rate of change of the CPI was 0.9%.
The average CPI for the twelve – month period from May 2021 to April 2022, compared with the corresponding index for the period May 2020 to April 2021 increased by 4.4%. The annual rate of change of the average CPI between the twelve – month period May 2020 to April 2021 in comparison to the period May 2019 to April 2020 was –1.6%
According to ELSTAT, natural gas went up by 122%, electricity by 78.8%, heating oil 65.1%, fuel 29%, oil and fats 22%.
Beginning of the month, the European Union Statistics Authority EUROSTAT had estimated the harmonized inflation rate in April at 9.3%. in April.
No deceleration is expected in May.
The Greek government estimates that the 3.2-billion-euro energy support package until the end of 2022 will help contain inflation by half a percentage point.