Eurostat: Inflation in Greece at 3.9% in Oct. up from 2.4%

More ominously, the category “foods, alcohol and tobacco” – with foodstuffs dominating interest – was almost double than the overall rate, which totaled 7.5 percent.

31.10.2023 14:04

Newsroom

Eurostat: Inflation in Greece at 3.9% in Oct. up from 2.4%

The Euro logo is seen in front of the European Central Bank (ECB) building prior to the meeting of the Governing Council in Frankfurt am Main, central Germany, on July 4, 2013. The eurozone climbed out of recession at last with better-than-expected growth of 0.3 percent in the second quarter led by Germany and France, the European Union said on August 14, 2013. Data agency Eurostat said the 18-month downturn which has cost millions of jobs and crushed debt-laden governments ended thanks largely to surprise gains of 0.7 percent in Germany and 0.5 percent in France. AFP PHOTO / DANIEL ROLANDDANIEL ROLAND/AFP/Getty Images

31.10.2023 14:04

Finance

Newsroom

More ominously, the category “foods, alcohol and tobacco” – with foodstuffs dominating interest – was almost double than the overall rate, which totaled 7.5 percent.

The inflation rate in Greece rose in October, calculated at 3.9 percent on an annual basis, up from 2.4 percent in the preceding month, September 2023, according to Eurostat.

More ominously, the category “foods, alcohol and tobacco” – with foodstuffs dominating interest – was almost double than the overall rate, which totaled 7.5 percent.

Conversely, the inflation rate for the Eurozone eased to 2.9 percent this month, down from 4.3 percent in September 2023.

According to a Eurostat announcement on Tuesday, inflation decreased in Germany – the Euro area’s economic “locomotive” – to 3 percent in October, the lowest figure recorded since June 2021.