Search Results: Inflation

Across the European Union, annual inflation reached 3.4% in December 2023, rising from 3.1% in November marking a significant decrease from the 10.4% recorded one year earlier

The Greek economy is facing 8 chronic "ailments" fuelling inflation which can be distilled to a mix of Greed for profits by businesses “Greedflation”, dependence on domestic production and consumption on imports, the pandemic, the energy and climate crisis, along with low wages

According to the Numbeo online platform, a liter of milk in Amsterdam costs 1.18 euros, while in Athens, it is 1.63 euros

This data confirms recent figures released by the European Statistical Authority (Eurostat), according to which inflation saw a spike in both Greece and the Eurozone as a whole in December

The PM chaired a cabinet meeting on Wedensday where he presented a series of measures to control profiteering

Furthermore, the "household baskets" that the government invented to supposedly check market prices have not been effective in controlling revaluations.

Inflation rates will remain above the ECB limit (2%), not only for 2024 but also for 2025, something that will continue to test the resilience of consumers, especially if new geopolitical challenges arise that might exacerbate the already precarious situation

Inflation in the Eurozone stood at 2.9%

High inflation and interest rates, with the latter easing at a slower rate, is the forecast from National Bank of Greece (NBG) chairman Gikas Hardouvelis, who is also the new president of the Hellenic Banks Association (HBA). Speaking at the annual Hellenic Finance and Accounting Association conference this month in Athens, Hardouvelis, a former Greek […]

Better marks given for tourism, digitization of state services, defense and its handling of bilateral relations with Turkey

Annual inflation rate in the Eurozone at 2.4% last month

This development can be primarily attributed to a significant decrease in the prices of natural gas (-53.2%) and fuels-lubricants

The stable income of consumers has significantly dwindled, compelling the majority to adopt "smart shopping" strategies to save money

Food, alcohol, and tobacco will exhibit the highest annual rates at 6.9 percent in the Eurozone

The global surge in inflation from the “double whammy” of pandemic-related disruption and the Russian invasion of Ukraine has punished consumers in Europe over the past two years, with one “casualty” in Greece being the country’s iconic “souvlaki”, alternatively known the world over as “gyro”. According to market watchers in the country, the price of […]

Rise Attributed to Higher Food Prices

IMF Projects Global Inflation to Stand at 6.9 Percent in 2023

Figure double than the annual rate recorded in previous month, Sept. 2023

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