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Greece’s Consumer Prices slightly down in July, inflation still at 0.9%

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 …

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Greek consumer price inflation at +0.4% in February

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. …

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ELSTAT: Disposable income of Greek households plunged by €2.7billion in 2016

Greek households and non-profit entities that serve households lost 2.7 billion euros in disposable income (or 2.3 percent) in 2016, Greece’s independent statistics authority (EL.STAT) said on Monday. According to figures released this week, the sum for Greek households’ disposable income reached 114 billion euros last year, down from 116.7 …

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Special consumption fees bring back Inflation

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 …

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IMF Opposes “Special Economic Zones” in Greece!?

International Monetary Fund is allegedly against the establishment of “special economic zones” (SEZ) in debt-ridden Greece. This follows on a news posted in a Greek economic news portal about the meeting of Greek Development Minister Costis Chatzidakis with the representatives of IMF, EU and ECB – the Troika – on Tuesday. Taking into consideration …

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