Greece’s inflation rate fell sharply to 1.8% in June from 2.8% in May and 12.1% in June 2022, Hellenic Statistical Authority ELSTAT said on Friday.However, food prices went up 12.2% from 11.9% in May 2023.
In its monthly report, ELSTAT, attributed this development exclusively to a sharp fall in electricity, natural gas and oil prices, while food prices rose 12.2% and another wide range of product and services prices moved up due to so-called “greedflation“, as described by Bank of Greece officials.
Price increases were recorded in bread-cerals (9.5%), meat (11.4%), fish (6.7%), dairy-eggs (15.3%), oils (14.2%), fruit (10.3%), vegetables (14.7%), sugar-chocolate-ice cream (10.9%), coffee-tea (10.5%), mineral water-beverages-juices (13.2%), alcohol (8.1%), clothing-footwear (5.9%), house rent (4.5%), solid fuel (27.9%), furniture (4.7%), household items (5.1%), pharmaceuticals (18.8%), medical services (5.0%), new cars (4.3%), used cars (9%), motorcycles (6.6%), car parts (11.5%), cinemas (10.9%), holiday packages (6.4%), restaurants (7.1%) and hotels (4.8%).
On the other hand, prices fell in natural gas (54.7%), electricity (21.7%), fuel-lubricants (21.4%), heating oil (20.7%), telephone services (2.7%) and air travel (0.8%).
The statistics service attributed the 1.8% increase in the consumer price index in June to index increases in foods/beverages (12.2%), alcohol/tobacco (3.4%), clothing/footwear (5.9%), durable goods (7.6%), health (7.7%), entertainment (3.6%), education (2.2%), hotel-restaurants (6.3%) and other goods and services (4.2%).
Index declines were recorded in housing (11.7%), transport (7.6%) and communications (2.7%).
The consumer price index was up 0.6% in June from May 2023, while the country’s harmonised inflation rate was 2.8% in June from 11.6% in June 2022. On a monthly basis, the harmonised inflation rate rose 0.9% in June from May 2023.
PS when 500gr of average filter coffee is €9.98 – when it was around €7 before the “Ukraine/Russia” crisis, and 2 lt of a specific ice-cream are at €17-18 and at 9.80 last summer ….what else can I say???
This week super-markets introduced a new policy for online-shopping with high delivery charges and fees they weirdly describe as “service fee” or “administration fee.”
