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GreeceBusinessGreek inflation rate jumped to 8.9% in March

Greek inflation rate jumped to 8.9% in March

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Hellenic News of Americahttps://www.hellenicnews.com
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Greek inflation rate jumped to 8.9% in March this year, from 7.2% in February and -1.6% in March last year, Hellenic Statistical Authority said on Friday.

Specificially, energy costs soared in the period from March 2021 to March 2022, with electrcity prices up 79.3%, natural gas up 68.3%, and heating oil up 58.5%, which led to price increase in fuel/lubricants (29%), air transport (26.8%), and ship transport (16%). The so-called housewife’s basket recorded prices increases in oil (19.9%), vegetable (13.6%), dairy/eggs (8.4%), fresh fruit (7.8%), bread/cereal (7.6%), meat (6.4%), coffee (5.4%), other food (5.1%), fish (3.5%), sugar/chocolate (3.4%), wines (2.7%) and mineral water/beverage/juices (2.3%).

Hotel prices rose 18.5%, used cars prices rose 11.5%, new cars rose 8.1%, furniture/home itmes were up 5.8%, clothing/footwear rose 6.5%, motorcycles rose 5%, tyres up 4.7%, restaurant/coffee up 2.1%, dental services rose 1.1% and hospital up 0.4%.

On a monthly basis, energy costs moved up, led by heating oil (18.3%) and electricity (4.6%), while natural gas prices eased 7.3%.

The statistics services attributed the 8.9% increase in the consumer price index in March to increases of: 8.1% in food/beverage, 0.4% in alcohol/tobacco, 6.5% in clothing/footwear, 29.9% in housing, 3.7% in durable goods, 15.4% in transport, 0.1% in entertainment, 0.9% in education, 2.8% in hotel/restaurants, 0.1% in other goods and services and to price declines in communications (-2.9%).

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The consumer price index rose 2.7% in March from February 2022, while the harmonised inflation rate rose to 8% in March this year after falling by 2% in March 2021. In the period March-February 2022, harmonized inflation rose 2.7%.

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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