The European Commission has forecast strong growth rates of 7.1% in 2021 and 5.2% in 2022 for Greece in its autumn economic forecasts, published on Thursday, revising its forecasts for 2021 upwards compared to those published in July (4.3%) and slightly downwards for 2022 (from 6%). The Commission report coincides …

Greece’s annual inflation rate is expected to jump to 3.0% in October from 1.9% in September, while the inflation rate in the Eurozone is projected to reach 4.1% from 3.4%, over the same months respectively, to a new 13-year high, Eurostat said in a report on Friday. The EU executive’s …

Consumer price index in Greece saw an increase in September 2021 and inflation rose to 2.2%, Greek Statistics Authority ELSTAT reported on Friday.  Compared to September 2020, prices went up for natural gas 108.5%, vegetables 21.1%, goat 17.5%, fuel 18%, air transport 20.9%.   Comparing the General Consumer Price Index …

Annual inflation rate in Greece accelerated to 1.8 percent in October from 1.1 percent a month earlier, Greek Statistics Authority ELSTAT said on Friday. The data showed that consumer price index rose to 1.8 percent year-on-year. In September the rate was 1.1 percent. The evolution of the Consumer Price Index …

Greece’s consumer prices increased for the third straight month in July, data from the Hellenic Statistical Authority showed Thursday. Consumer prices climbed 0.9 percent year-over-year in July, just below the 1.0 percent rise in June. Prices of food and non-alcoholic beverages grew 1.5 percent annually in June and transport costs …

Price hikes in food, fuel, services and other essential goods drove the annual inflation rate in Greece to 1.0 percent in June 2018, from 0.8 percent in May, the Greek Statistics Authority and the Eurostat that uses the ELSTAT data said. According to ELSTAT statement, inflation rate rose 1% between …

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 …

Greece’s annual EU-harmonised inflation rate accelerated in February, statistics service ELSTAT data showed on Friday. The reading in February was 0.4 percent from 0.2 percent in January. The data also showed the headline consumer price index also picked up to 0.1 percent year-on-year from -0.2 percent in the previous month. …

Greece’s consumer price inflation eased in December after accelerating in the previous month, figures from the Hellenic Statistical Authority showed Friday. Consumer prices climbed 0.7 percent year-over-year in December, slower than the 1.1 percent increase in November. The measure has been rising since January. Transport costs grew 4.9 percent annually …

Greece’s annual inflation rate rose to 1.1 pct in November this year, from 0.7 pct in October and -0.9 pct in November 2016, the Hellenic Statistical Authority ELSTAT said over the weekend. The statistics service, in a monthly report, attributed this development to an increase in the prices of tobacco, …

Greece’s inflation rate rose to 1.7 percent in March, Greek Statistics Authority ELSTAT said on Monday. The rise is due to the mass price increases in food, alcoholic drinks, tobacco, telecommunications, heating oil and transport due to special fee in fuel. In February inflation rose to 1.3% and in January …

Special consumption fees imposed on fuel, coffee, tobacco products and telecommunications beginning of the year skyrocketed consumer prices and led to the inevitable: inflation. According to Greek Statistics Authority ELSTAT inflation reached 1.5% in January from 0.3% in December. ‘This is almost a five-year high and above market expectations that …

Ongoing negotiations over a second review of the Greek program (third bailout) as well as a pending report by the EU Commission’s Structural Reform Support Service (SRSS) are on the agenda of the Eurogroup meeting later today. According to a press release over the weekend, the Eurozone finance ministers will review …

Greece’s consumer inflation dropped. According to Greek Statistics authority ELSTAT, it eased to an annual -0.2 percent pace in March from 0.1 percent in the previous month. Herewith , it reached the lowest level after 46 years, since May 1968 when inflation hit -3 percent. Inflation eased in March 2013 …

Should Greece exit the euro zone the impact would “be more than catastrophic with Zimbabwe-style inflation, social unrests, banks run and a military coup.” This horror-scenario was scripted by Savvas Savouris, chief economist of  Tosca Fund, and was distributed to the clients of the London-based hedge fund. Introducing a new currency in Greece instantaneously …

↑ Inflation is up  5.4% in May 2010 ↓Income is down -30%

“High prices make their cycle and like the flu will go away,” claimed Greek Finance Minister, Kostis Hatzidakis, proving his ignorance about the flu cycles that come every October and go every May. He insisted that the phenomenon of high prices on retreat in the country and compared to the …

Governor of the Bank of Greece (BoG), Giannis Stournaras, estimated that it will take another 40 years for Greece to ensure its prosperity and return to public debt of 60% of GDP. Speaking in the anniversary issue of the Parliament’s magazine Stournaras set as a condition for the above goal …

Prime Minister Kyriakos Mitsotakis on Thursday said that the imposition of an extraordinary tax of 33% on the “very high profits of refineries” was “an act of social justice that has political and moral legitimacy,” in his interview with Real Fm radio station. “This is a fair decision due to …

Prime Minister Kyriakos Mitsotakis will send a letter to the European Commission on Friday requesting Brussel’s intervention to tackle high prices in supermarkets. Mitsotakis’ request will focus on multinational companies that sell their products in different countries at different prices. Greeks have been struggling with ongoing price increases for food …