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Wednesday, July 6, 2022
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GreeceBusinessGreek inflation jumped to 5.1% in December

Greek inflation jumped to 5.1% in December

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Hellenic News of Americahttps://www.hellenicnews.com
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The inflation rate in Greece jumped to 5.1% in December from 4.8% in November and -2.3% in December 2020, for an average increase of 1.2% in 2021 after a decline of 1.2% in 2020, Hellenic Statistical Authority said on Thursday.

More specifically, within a year (December 2021-December 2020), natural gas prices soared 135.7%, electricity prices jumped 45%, heating oil was up 34.1% and fuel up 21.7%. Price increases were also recorded in the so-called household basket: lamb/goat meat (19.7%), edible oils (17.1%), olive oil (17%), potatoes (14.2%), pasta (7.6%), fresh fish (6.7%), poultry (6.6%), cheese (5.5%), fresh fruit (5.5%), fresh vegetables (5.5%), bread (4.9%), veal (4.2%) and coffee (3.4%). However, in the December-November period a slight de-escalation of prices was recorded in natural gas (-16.2%), heating oil (-3%) and petrol (1.5%). On the other hand, price increases continued in electricity (5.2%), used cars (11.5%), new cars (1.3%), bread (0.7%), pasta (6.6%), veal (2.3%), fresh fish (1.7%) and cheese (1.6%).

The statistics service attributed the 5.1% increase in the consume price index in December to price increases in food/beverage (4.3%), clothing/footwear (3%), housing (18%), durable goods (2.3%), trasnport (10.9%), education (0.9%), hospitality (1.2%). Prices fell in health (0.1%), communications (2.5%) and entertainment (0.6%).

Greece’s harmonized inflation rate rose 4.4% in December from December 2020, up from 4% in November and -2.4% in December 2020. On a monthly basis, the harmonized inflation rate rose 0.5% in December from November 2021.

SOURCE: AMNA

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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