Eurostat

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

The data, covering 2023, revealed that young Greek men were the worst in the whole EU recording a NEET rate of 14.8%

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

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

In 2021, the accommodation and food services sector in the EU witnessed the operation of 1.9 million enterprises, accounting for 6.1% of all enterprises in the business economy.

While Greece's municipal waste production rates come in at around the EU average, the country is at the bottom of the EU-27 for recycling 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.