Greece registered the highest uptick in in the metric compared to the respective period last year
A new Eurostat report shows 26% of Greeks are at risk of poverty or social exclusion, which is above the EU average of 21.4% and the 4th highest in the EU
Eurozone Inflation Climbs to 2.6%
The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022.
In the eurozone, the consumer price index (CPI) dropped to 2.4%, while the average EU settled at 2.6%
The hikes in fuel prices haven’t only caused headaches for drivers, they have also affected gas station owners as consumers in Northern Greece opt to purchase cheaper gasoline from Bulgaria and Turkey
Lithuania (0.3%), Finland (0.7%), and Latvia (1%) recorded the lowest inflation in March, with Croatia (4.9%), Austria (4.2%) and Estonia (4.1) witnessing the highest rates
In contrast, the countries that posted the highest hourly labor costs are Luxembourg (53.9 euros), Norway (51.9 euros), Iceland
Approximately 1,048,900 non-EU citizens made first-time asylum applications for international protection in the EU, which was 20% higher than 2022
Only Bulgaria is in a worse position
Based on the EU Population data, Crete stands as the only region in Greece with a marginal positive population growth rate.
Data from the recent report recorded the highest life expectancy in Greece in the Epirus region, the north Aegean and Crete.
In the 3rd quarter of the EU, women dominated childcare and teachers' aids jobs, and were more likely than men to hold part-time jobs
The Eurozone average dropped to 2.6%, according to the preliminary estimates by Eurostat
Nevertheless, the Economic Sentiment Indicator, reflecting public perception of the economy, has turned positive after the pandemic-induced downturn from March 2020 to April 2021, this positive shift has stabilized consumption, with retail trade gaining momentum since May 2022.
Renewable energy sources in the country for 2022 generated 43% of electricity demand
Notably, except for Attica, where per capita GDP is 90% of the European average, in other Greek regions it is below 75% of the EU.