Search Results: inflation

By 2026, the reduction in public debt is expected to bring it close to 140% of GDP.

The index in September 2024 recorded a decrease of 2.9% compared with August 2024.

On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year

In Europe’s common monetary bloc, the Eurozone, the consumer price index settled at 2% from 1.7% the previous month

For the first time, the adjustment system will include employees from the public sector, leading to a corresponding increase in their minimum wage

Calculations show that the real wage as of September 2024 is 693 euros, meaning the actual minimum wage has yet to reach 700 euros.

These trends are largely attributed to a significant drop in energy prices, despite some fluctuations, along with a softening in food prices.

According to Eurostat, Greece posted the highest annual change in prices for the month of September with 1.7%, followed by Portugal and Italy with 1.2%.

At the same time, the consumer price index in the Eurozone increased by 1.8% during the same month (down from 2.2% in Aug.), falling below the European Central Bank's (ECB) target of 2%.

Regarding monetary policy, the BoG notes that 2024 will see a marginal expansion as a result of investment spending from available EU funds.

The annual inflation rate for the European Union was 2.4% in August 2024, down from 2.8% in July, while a year earlier, it stood at 5.9%.

Olive oil, a cooking staple in the country, recorded a whopping price hike of 49.1%

Marginally up from 3.0% in July 2023, exceeds Euro Area average of 2.2%

The European Union’s (EU) annual inflation rate was 2.8% in July, compared to 2.6% in June, compared to last year when it stood at 6.1%.

Month-over-month, the General Index rose by 2.1% in June 2024 compared to May 2024, a notable jump from the 0.5% increase recorded in the same period of the previous year.

Food items continue to experience the largest annual changes, with olive oil surging by 56.7%, cereals up by 7.4%, fresh fish increasing by 8.4%, and mineral water/soft drinks rising by 8.6%.

The negative development prompted the relevant development minister to meet with supermarkets' representatives to hammer out a plan to contain rising food prices

The PM said energy producers had made a huge windfall and the government would tax them

Food inflation in Greece is comparable to the EU27 average, while Greek wages, in terms of purchasing power, are only higher than those in Bulgaria