February 1, 2023
Economy
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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January 12, 2023
Economy, FEATURED
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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December 12, 2022
Economy, FEATURED
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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November 21, 2022
Economy
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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November 10, 2022
Economy
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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October 10, 2022
Economy
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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October 2, 2022
Economy, FEATURED
In September the European Union-harmonized consumer price index in Greece reached its highest point since the country entered the eurozone, climbing to 12.1% from 11.2% in August, according to estimates Eurostat announced on Friday. Inflation in the eurozone also hit a historic high, reaching a double-digit rate for the first …
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August 8, 2022
Economy, FEATURED
Inflation in Greece slowed to 11.6% in July compared to 12.1% in June 2022. However, housing and transport costs rose sharply, while the natural gas hit an increase of 178.9% Greece’s Consumer Price Index (CPI) remained at record high levels in July, rising by 11.6% year-on-year, though it did slow …
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July 4, 2022
Economy
Rising rents are one more factor weighing in on Greek city dwellers’ finances, alongside galloping inflation, especially in energy prices. According to a cross-country survey of just over 1,000 respondents by research and communications firm About People, nearly half (47.8%) of individual tenants either have difficulty paying the rent or …
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June 9, 2022
Economy, FEATURED
Greece’s annual consumer inflation jumped to its highest level in 29 years in May at 11.3% on the back of surging costs for energy, housing, transportation and foods, official data showed on Thursday. Inflation quickened from 10.2% in April, according to statistics service ELSTAT. Month-on-month consumer inflation rose 0.7%. Greece’s …
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May 10, 2022
Economy, FEATURED
Inflation in Greece broke a 27-year-record in April reaching 10.2%, Greek Statistics Authority ELSTAT announced on Tuesday. The rise of the Consumer Price Index reached a historic high since 1995. Consumer Price Index (CPI) of April 2022 (reference year 2020=100.0) is depicted as follows:The CPI in April 2022 compared with …
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April 8, 2022
Economy, FEATURED
Ιnflation jumped to a new high in March creating an additional nightmare for households and businesses. According to Greece Statistics Authority ELSTAT inflation recorded 8.9% with the General Consumer Price Index to have increased by 2.7% compared to February. Electricity prices increased by 79%, gas by 68% and heating oil …
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April 1, 2022
Economy
Inflation in Greece jumped to 8% in March, year-on-year, according to preliminary data released on Friday by Eurostat, the statistical office of the European Union. Euro area annual inflation is expected to be 7.5% in March 2022, up from 5.9% in February. Looking at the main components of eurozone inflation, …
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February 15, 2022
Economy, FEATURED
Inflation rose to 6.2% in January 2022, Greek Statistics Authority ELSTAT announced on Tuesday. Prices for energy and commodities continue to climb also in February, striking a blow to citizens pockets. Inflation started to rise in Greece since September 2021 and last month the European Statistics Eurostat had warned about …
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February 3, 2022
Economy, FEATURED, Uncategorized
With 5.5% in the European Union harmonized index, inflation in Greece can break a record after 11 years, the Eurostat announced on Wednesday, predicting a further rise in the weeks to come and the wave of price hikes is growing without stop. The Eurostat predicts that inflation will reach 5.5% …
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January 13, 2022
Economy, FEATURED
Greece’s consumer price index surged to 5.1% in December 2021, compared to the corresponding month of 2020, the Greek Statistics Authority (ELSTAT) said on Thursday. According to ELSTAT inflation was: 4.8% in November 2021 and decreased by 2.3% in December 2020. As a result, at average levels last year, inflation …
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December 10, 2021
Economy, FEATURED
Greece’s annual inflation rate jumped to 4.8% in November from 3.4% in October and after a -2.1% reading in November 2020, Hellenic Statistical Authority said on Friday. The European Statistics Authority EUROSTAT had said on Nov 30 that Greece’s annual inflation was expected to rise to 4.3% in November -see …
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November 30, 2021
Economy
Greek annual inflation rate is expected to rise to 4.3% in November from 2.8% in October, The European Statistics Authority EUROSTAT said on Tuesday. In its first estimate on the consumer price index in the Eurozone, the EU’s statistics agency said the annual inflation rate in the Eurozone is expected …
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November 11, 2021
Economy, FEATURED
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 …
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October 29, 2021
Economy
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 …
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