The Greek Deal.com
INFLATION
Downward revision of inflation in September, Eurozone at 1.7% and Greece at 3.1%
Eurozone inflation was slightly lower in September than initially estimated, according to final data released today by Eurostat.
Below 2% in the euro area
In Greece, inflation rose by 3% compared to 3.2% in August. On a monthly basis, inflation in Greece rose by 1.7%.
Annual inflation in Greece at 3.2% in August
Inflation in the euro area continued to slow down in August, confirming analysts' estimates and giving the European Central Bank further scope to ease policy if this trend continues.
Inflation at 3% in August - High increases in clothing, food and housing
Annual inflation accelerated to 3% in August from 2.7% in July, according to data released today by ELSTAT, with the highest increases recorded in clothing and footwear, hotels and restaurants, and the housing category.
Inflation in Greece at 3.1%
Inflation in Greece stood at 3.1% in August from 3% in July, according to Eurostat's preliminary data, while a notable drop was recorded in the eurozone, where it stood at 2.2% in August from 2.6% in July.
Inflation in Greece at 3%
Eurostat's initial estimates for inflation were confirmed, as the final data showed that it rose to 2.6% in the euro area on an annual basis from 2.5% in June, while in Greece it rose to 3% from 2.5% in June.
Inflation accerelelated to 3% in July in Greece
Inflation in Greece rose to 3% in July from 2.5% in June, according to preliminary data from Eurostat, showing that product prices in the country recovered after three months of decline.
Inflation in Greece at 2.5% in June
In June, Eurostat updated its estimate of Greece's annual inflation from 2.4% to 2.5 percent.
Inflation fell to 2.3% in June
Annual inflation stood at 2.3% in June according to data released today by ELSTAT, recording a new slight slowdown for another month.
Inflation in Greece at 2.4%
Preliminary data from Eurostat shows that in June, Greece's inflation rate stayed at 2.5%. On a monthly basis, it increased by 1%.
Why "greed inflation" persists
According to a study conducted by the State Budget Office in Parliament, there is compelling evidence that companies have been able to pass on increases in import costs to prices and significantly increase their profits, particularly during the peak of inflationary pressures.