Search Results: inflation

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

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%