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Tag Archives: deflation

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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ELSTAT: Greece’s Deflation at -2% in May 2014

I don’t know if deflation in the debt-ridden country keeps pace with the speed of the famous train bringing success and development in Greece. Fact is that deflation, that is the decrease in the general price level of goods and services, accelerates in high speed. According to Greek Statistics Authority …

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Deflation shows up in Greece: Inflation at -0.2% in March 2013

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 …

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Upd2: Greece’s Taxation Nightmare – Venizelos Part II

After the uproar triggered by the announcement of receipts collection, Finance Minister E. Venizelos issued a clarifying statement… triggering an even bigger uproar! For two simple reasons, hmmm… in fact three: 1) the state will electronically survey even citizens’ savings 2) the plan hasn’t been thoroughly worked out 3) more clarifications are needed. …

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