The Greek Deal.com
INFLATION
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.
Anti-inflation measures extended for 6 months
Prime Minister Kyriakos Mitsotakis announced on Wednesday morning during his visit to the Ministry of Development that he was extending the measure to combat inflation for an additional six months.
Inflation at 2.4% in Greece in May 2024
In May 2024, annual inflation in the euro area increased marginally from 2.4% in April to 2.6% on a monthly basis. The rate was 6.1% a year ago.
Inflation fell to 2.4% in May
Greece's inflationary pressures appeared to be decreasing in May, as indicated by the ELSTAT consumer price index. While food prices continued to rise, they did so much more slowly.
Inflation in Greece fell significantly to 2.3% in May
May saw a slight increase in inflation in the euro area compared to forecasts, but Greece saw a sharp decline in price pressures.
Bill passes parliamentary committee
Based on votes from the ruling New Democracy (ND), a bill protecting consumers from high prices passed its first reading at committee level on Monday.
Food inflation in Greece second highest in the EU
Final Eurostat data confirms that Greece's inflation rate, which was 3.2% in April, was the seventh highest in the European Union.
At 3.1% in April - Food prices up 5.4%
According to data released by ELSTAT, Greece's inflation rate in April was 3.1%, indicating a slight decrease from 3.2% in March.
Inflation at 5.8% in March 2024 - 3.2% in Greece
In Greece, OECD data showed inflation at 3.2% in March, up from 2.9% in the previous month.
Falls marginally to 3.2% in Greece, to 2.4% in the euro area
Looking at the main components of inflation in the euro area, services are expected to have the highest annual rate in April