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
A burst of advances in artificial intelligence, medicine and elsewhere promise a better life down the road
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
Higher costs of living, especially 'biting' prices on supermarket shelves, has emerged as a priority for the Mitsotakis government to handle and deflect criticim
However, supermarkets and department stores saw a decline in EBITDA profits by 9.06% to a 613.3 million euros in 2022 compared to 674.5 million euros in 2021, as this sector had experienced unprecedented profits during the pandemic period of 2020-2021
Inflation could be back in central banks’ comfort zones by the end of 2024 after multidecade highs in North America, Europe
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%
High inflation and interest rates, with the latter easing at a slower rate, is the forecast from National Bank of Greece (NBG) chairman Gikas Hardouvelis, who is also the new president of the Hellenic Banks Association (HBA). Speaking at the annual Hellenic Finance and Accounting Association conference this month in Athens, Hardouvelis, a former Greek […]
Better marks given for tourism, digitization of state services, defense and its handling of bilateral relations with Turkey
Annual inflation rate in the Eurozone at 2.4% last month
Consumer will find most goods more expensive for this year’s Christmas table
This development can be primarily attributed to a significant decrease in the prices of natural gas (-53.2%) and fuels-lubricants
Fitch sees the ECB announcing a reduction, by 75 basis points, in rates as of June 2024, and dropping to 3.75 percent by the end of 2024
UniCredit projects Greece will achieve its inflation target of 2% in 2024, aligning with the European Central Bank's goal
Food, alcohol, and tobacco will exhibit the highest annual rates at 6.9 percent in the Eurozone
The global surge in inflation from the “double whammy” of pandemic-related disruption and the Russian invasion of Ukraine has punished consumers in Europe over the past two years, with one “casualty” in Greece being the country’s iconic “souvlaki”, alternatively known the world over as “gyro”. According to market watchers in the country, the price of […]
Only people in Paris, Berlin and Brussels pay more