Inflation

The Governing Council of the European Central Bank (ECB) decided to cut interest rates by 25 basis points for a third consecutive time.

Greek PM Kyriakos Mitsotakis again dismissed claim of seeking EU position, or possibility of snap election, during customary TIF press conference

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

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

It was up by 2.3% compared to June of 2023, according to preliminary figures by the country’s statistical authority ELSTAT

The PM urged people to watch Coldplay's latest video clip shot at the Odeon of Herodes Atticus

Greek households appear more pessimistic over the course of inflation in the coming 12-month period, compared with households in the rest of the Eurozone. The average expectations for inflation in Greece over the next 12 months remained stable at 10% in February 2024, while falling slightly in the Eurozone at 3.1%. The sentiments were found […]

The repeated there was no cover up of the Tempi train crash

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%

Greek households have seen decreasing disposal income from surging prices on supermarkets' shelves, especially for products such as milk, cheeses and cooking oils

Food prices are the primary worry in the east Med country

Special analysis for 2022-23 cites the consequences of price appreciation in housing, energy and food

The Greek prime minister admitted that prices are 'much higher than where they were three years ago,' while maintaining that the problem doesn't affect only Greece, but all of Europe

The biggest concerns aired by respondents to the poll continued to be high inflation and the economy.

The statistics authority cited a decline in energy prices, especially a 60.2%-decrease in natural gas prices.

The report notes that consumption growth remained notably reduced despite a robust recovery in 2022, adding however, that it remained one of the main drivers of growth last year

According to the data, Greeks rank last in per capita income purchasing power, coupled with the sixth-highest indirect tax burden in the European Union

Promises continued market inspections and the imposition of heavy fines to contain damage