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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.

According to Eurostat data, in 2023, a European spent more money buying pizza or takeaway than one or two years earlier.

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

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

In all countries except Bulgaria, the average life satisfaction was above 6, indicating that most people in the EU reported being more satisfied than dissatisfied, explained the statistical agency.

Spain retains highest jobless rate in EU, followed by Greece

Meanwhile, the data for Industrial producer prices in the Eurozone showed a significant decline of 8.8% in November 2023

Inflation in the Eurozone stood at 2.9%

Annual inflation rate in the Eurozone at 2.4% last month

The data does not take into account the "grey market" in Greece which is estimated to be equivalent to some 25% of GDP in the country, according to the IMF

A staggering 16.7% of Greek citizens reported being unable to undergo medical examinations, while they also indicated inability to undergo medical examinations, with 28% stating they lived in poverty

Austrians are the most satisified

Only citizens in Poland and Greece spend more than they save

The data showed Greece had the highest costs both in urban and rural areas

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

Rise Attributed to Higher Food Prices

The Nordic Countries are more Proficient in Languages