Greek Prime Minister Kyriakos Mitsotakis broached the issue of persistent inflation in his opening remarks during a debate in Parliament on Friday, calling the high cost of living the most serious problem plaguing Greek society. Mitsotakis said tackling high prices was his government’s top priority laying out a series of actions already in force to […]
This discrepancy occurs because the weighting of olive oil in the consumer price index, as prescribed by Eurostat regulations, is significant due to its historically high consumption by Greek households
The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation
Olive oil (63.7%), fruit (11.6%), fish (10.6%), and mineral water (12.5%) registered the highest increases annually
The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month
The Premier made statement during a visit an an open vegetable market
In the eurozone, the consumer price index (CPI) dropped to 2.4%, while the average EU settled at 2.6%
Greek households appear more pessimistic over the course of inflation in the coming 12-month period, compared with households in the rest of the Eurozone. The average expectations for inflation in Greece over the next 12 months remained stable at 10% in February 2024, while falling slightly in the Eurozone at 3.1%. The sentiments were found […]
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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
The inflationary pressure on food continues to mount, with a significant uptick of 6.7%. Notably, olive oil saw a staggering 63.4% surge, while fruit prices spiked by 12.3%
The Eurozone average dropped to 2.6%, according to the preliminary estimates by Eurostat
The PM outlined a series of priorities over the coming months which included tackling inflation, supporting agricultural products, and enhancing public health.
Special analysis for 2022-23 cites the consequences of price appreciation in housing, energy and food
The statistics authority cited a decline in energy prices, especially a 60.2%-decrease in natural gas prices.
According to market sources those who adjusted their prices before Jan. 10, 2024, are considered the "lucky ones," as they will not be subjected to the three-month ban on promotions
Despite the overall trend, Greece faces persistent challenges with rising food prices, as the food, alcohol and tobacco index totaled 7.1% during the month, on an annual basis, slightly lower than 7.6% in Dec 2023
Promises continued market inspections and the imposition of heavy fines to contain damage
The PM also alluded to the exceptional year for Greek airports in 2023, following a record-breaking all-time high in passenger traffic - 72.6 million passengers compared to the previous historical "high" of 64.16 million in 2019