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Inflation in Greece rises to 3.2%; food prices up 5.3%

Inflation in Greece rose to 3.2% in the month of March from 2.9% in february and 3.1% in January. At the same time, food prices went up to 5.3% despite some measures imposed by the government. Based on the data by the Hellenic Statistical Authority ELSTAT, prices in food and …

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Food in Greece’s supermarkets up 2.75% in February

The inflation rate for products sold in supermarket chains was at 2.75% in February 2024, according to research conducted by the Institute of Retail Consumer Goods Research (IELKA) on major supermarket chains. This figure reflects a slight decrease compared to the 3% inflation rate observed in January 2024. During February …

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Olive Oil prices up 67.4%, Food 8.3%, Health 5.7% in a year

The rate of price increases fell to 3.1% in January 2024 from a year earlier, Greek statistics authority ELSTAT announced on Thursday. Ιmpressive is at the same time, however, the price increase of olive oil by 67.4% within a year! The olive oil increase affects the general price index to …

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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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