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GreeceBusinessGreek annual inflation rate slowed to 3.0% in April

Greek annual inflation rate slowed to 3.0% in April

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
The copyrights for these articles are owned by HNA. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of HNA and its representatives.

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Greek annual inflation rate slowed spectacularly to 3.0% in April, from 4.6% in March and 10.2% in April last year, reflecting almost exclusively a rapid fall in energy prices, while prices in food and food items grew 11.4% in the month, Hellenic Statistical Authority said on Wednesday.

More specifically, price increases were recorded in bread/cereals (13.8%0, meat (12%), fish (4.5%), dairy/eggs (19.1%), oils (16.2%), vegetables (6.2%), sugar/chocolate/sweets (11%), other food (14.6%), coffee/tea (12.1%), mineral water/juices (8.5%) and alcohol (10.1%). Price increases were also recorded in clothing/footwear (5.6%), rents (3.8%), house repair (5.3%), LPG (11%), solid fuel (29.6%), furniture (7.7%), home equipment (7.4%), pharmaceuticals (13.9%), medical products (2.2%), new cars (7.6%), used cars (10.5%), motorcycles (7.3%), car parts (12.2%), taxi (32.9%), air travel (34.1%), ship travel (11.2%), cinemas/theater (5.6%), hotels (22.2%), etc. On the other hand, prices fell in electricity (29.9%), natural gas (25.1%), heating oil (20.7%), fuel/lubricants (7.4%) and telephone services (1.8%).

The statistics service attributed the decline in the consumer price index in April to increases of: 11.4% in food/beverage, 4% in alcohol, 5.6% in clothing/footwear, 10.9% in durable goods, 6.5% in health, 1.4% in transport, 3.7% in entertainmnet, 2.2% in education, 8.5% in hospitality and 6.4% in other goods and services. The CPI fell 13.4% in housing and 1.8% in communications.

The consumer price index rose 0.6% in April from March 2023, after a 2.1% increase recorded in the same period last year. The country’s harmonized inflation rate slowed to 4.5% in April this year from April 2021, after a 9.1% increase recorded in the same months in 2022/2021. The harmonized inflation rate rose 1.1% in April from March 2023.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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