Inflation in Greece rose to 3% in August compared to 2.7% in July and 2.7% in August 2023, the Greek Statistics Authority ELSTAT announced on Tuesday.
The rise was attributed to are the price increases in energy (natural gas +28%, electricity +9.7%), in many foods (with olive oil again leading with a price increase of 49.1%), but also in a multitude of products and services.
The 0.3% increase of inflation in August 2024, compared with the corresponding index in July 2024 is, mainly, due to the changes in the groups of goods and services as follows:
1. An increase of:
– 0.2% in the group Food and non-alcoholic beverages, due to the increase, mainly, in the prices of: fresh fish, cheese, fresh fruit, fresh vegetables. This increase was partly offset by the decrease, mainly, in the prices of: bread and cereals, poultry, yogurt, olive oil.
– 2.8% in the group Housing, due to the increase, mainly, in the prices of: rentals for dwellings, repair and maintenance of the dwelling, electricity.
– 1.4% in the group Health, due to the increase, mainly, in the prices of pharmaceutical products.
– 0.3% in the group Communication, due to the increase, mainly, in the prices of telephone services.
– 0.1% in the group Hotel-Cafés-Restaurants, due to the increase, mainly, in the prices of: restaurants-confectioneries-cafes/buffets. This increase was partly offset by the decrease, mainly, in the prices of hotels-motels-inns.
– 1.1% in the group Miscellaneous goods and services, due to the increase, mainly, in the prices of other appliances and articles for personal care.
2. A decrease of:
– 0.3% in the group Alcoholic beverages and tobacco, due to the decrease, mainly, in the prices of alcoholic beverages (not served).
– 4.6% in the group Clothing and footwear, due to the period of summer sales.
– 0.3% in the group Household equipment, due to the decrease, mainly, in the prices of non-durable household articles.
– 0.8% in the group Transport, due to the decrease, mainly, in the prices of fuels and lubricants.
source: ELSTAT
