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Inflation in Greece rises to 3.5% in Dec; food prices up 8.9%, olive oil 58%

Inflation in Greece significantly accelerated in December 2023, rising 3.5% from 3% in November. At the same time, prices in food rose to another 8.9% in the last month of the last year with olive oil to hit an increase record with 58.5%, Greece’s Statistics authority ELSTAT announced on Friday. …

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CPI rises by 3.4% in October, food up 9.9%, oil & fats up 26%

Consumer Price Index (CPI) in Greece rose by 3.4% in October 2023 compared to 1.6% in September and 9.1% in the same month last year. Excluding the very large drop in the price of natural gas within a year (60.5%), food items rose further by 9.9%, with oil and fat …

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Inflation in Greece jumps to 3.9% in October from 2.4% in Sept

Inflation rate in Greece jumped to 3.9% in October from 2.4% in September in contrast with a sharp fall in the inflation in the Eurozone, the Eurostat said in its flash estimate on Tuesday. Euro area #inflation at 2.9% in October 2023, down from 4.3% in September. Components: food, alcohol …

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Inflation in Greece rises in August, food prices too

For the second month in a row, the general price index headed higher. Inflation rose to 2.7% in August from 2.5% in July as food prices remained steep, fuel prices strengthened, while increases were recorded in a range of services including transport, dining and health. Data show a rise in …

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Inflation in Greece at 3.4% in August, says Eurostat

The eurozone’s annual inflation rate is expected to remain stable to 5.3% in August compared with the previous month, Eurostat said in its flash estimate. Looking at the main components of inflation in the eurozone, food, alcohol and tobacco are expected to have the highest annual rate in August (9.8% compared …

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Inflation in Greece rose to+2.5% in July, +12.3% in food

Greece’s annual EU-harmonized inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesday. EU-harmonized inflation is an index of components that is used across the EU to measure inflation in a consistent way. Official statistics service ELSTAT also reported that headline consumer inflation in July rose …

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Inflation in Greece slightly up in July, food up 10.8%

Inflation in Greece rose slightly to 3.4% in July, compared with 2.8% in June, according to Eurostat data. Eurozone inflation stood at 5.3% in July 2023, down from 5.5% in June. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest …

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inflation rate in Greece eases to 2.8% in May; 11.6% up in food

Inflation rate in Greece slowed further to 2.8% in May from 3.0% in April and 11.3% in May 2022, reflecting exclusively a sharp fall in energy prices, while food prices rose by 11.6% in the month, the Greek Statistics Authority said on Friday. However, price increases were recorded in bread/cereals …

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Past austerity haunts Greek election as voters struggle with living costs

Fourteen years after a debt crisis that saw Greece nearly crash out of the euro, single parent Niki Klaoudatou says she worries more about money now than she did during the worst years of the country’s economic meltdown. Ahead of an election on May 21, a cost-of-living crisis that is …

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Inflation, price hikes change Greeks’ coffee habits

Inflation and price rises have restricted that quintessential Greek pastime of spending time with friends out of the home, drinking coffee, a new research found. Kapa Reseach found that over half of Greek coffee drinkers (54%) said they have limited the times they go out for coffee due to the …

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Inflation down to 6.1% but food jumped 14.8%

Greece’s annual inflation rate slowed further to 6.1% in February from 7% in January and 7.2% in February 2022, the Greek Statistical Authority ELSTAT said on Monday. However, this development is attributed solely to a drop in electricity prices while the consumer price index in foods and food items jumped …

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Inflation in Greece falls to 6.5% in February

Annual inflation rate in Greece fell to 6.5% in February from 7.3% in January, Eurostat said in its flash estimate on inflation trends. In a report released in Brussels, Eurostat said the annual inflation rate in the Eurozone was expected to ease slightly to 8.5% in February from 8.6% in …

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Inflation in Greece to fall to 7.2% in January, Eurostat says

Greek annual inflation rate is projected to slow to 7.2% in January from 7.6% in December 2022, with the inflation rate in the Eurozone projected to fall to 8.5% from 9.2%, over the same months respectively, Eurostat said in its flash estimate report. The report said that energy will continue …

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Inflation down to 7.2% in December, says ELSTAT

Inflation in Greece dropped to 7.2% in December 2022, Greece’s Statistics Authority ELSTAT announced on Thursday. According to the report, the Consumer Price Indexi in December 2022 compared with December 2021, increased by 7.2%. In December 2021, the annual rate of change of the CPI was 5.1%. The CPI in …

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A flurry of bankruptcies for Greece’s Bakeries

Soaring energy inflation, accumulated debt, increases in raw materials and declining consumption are increasing bakeries shutdowns in Greece, with bakers not even being able to put… bread on their tables. In the last two months, more than 50 bakeries have shut down, increasing the number of “locks” to 260 within …

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Greece 2023 Budget projections: 5% Inflation, 1.8% Growth

Greece’s economy is projected to grow by 1.8% next year, according to the country’s 2023 budget, slightly lower than the figures predicted last month as higher energy costs and inflation take a toll. The final 2023 budget submitted to parliament on Monday is the first Greece has posted in 12 …

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Inflation in Greece eases to 9.1% in Oct from 12% in Sept

The annual inflation rate in Greece in October eased to 9.1% from 12% in September but was accompanied by double-digit price hikes across a wide range of products and services, the statistics agency ELSTAT announced on Thursday. According to ELSTAT, the Consumer Price Index (CPI) in October 2022 in comparison …

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Greece’s inflation rises to 12% y/y in September, near three-decade high

Greece’s annual consumer inflation accelerated to 12.0% in September from 11.4% in the previous month, remaining at its highest level in nearly three decades, data showed on Monday. Surging costs for energy, housing, transportation and food were the main factors underpinning the figures, statistics service ELSTAT said. Month-on-month consumer inflation …

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