Core inflation, which excludes the calculation of volatile fuel and unprocessed food prices, also slightly declined to 2.8% annually from 2.9% a month earlier
The 2022 Eurostat data also reveals that satisfaction with free time is inversely related with having children at home and higher education levels
The data revealed an interesting divide between the West and East, with both men and women in the latter opting to get married for the first time at an average younger age compared to couples in Western Europe
A year earlier, the rate was 6.1%. European Union's annual inflation was 2.7% in May 2024, up from 2.6% in April. A year earlier, the rate was 7.1%
Greece saw a significant rise in hourly labor costs, increasing by 7.9%, with the business economy experiencing a 10% hike.
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.