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GreeceBusinessGreek inflation rate rose to 3.5% in December

Greek inflation rate rose to 3.5% in December

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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The Greek inflation rate rose significantly to 3.5% in December from 3.0% in November, but down from 7.2% in December 2022, Hellenic Statistical Authority said on Friday. The statistics service attributed this development to price increases in the vast majority of products and services, despite a sharp fall in natural gas prices. The inflation rate was up 3.5% on average in 2023.

More specifically, price increases were recorded in bread-cereals (2.6%), meat (6.5%), fish (8.4%), dairy-eggs (3.8%), olive oil (58.5%), fruit (15%), vegetables (14%), sugar-chocolate-ice cream (7.7%), coffee-cocoa-tea (3.7%), mineral water-beverage-juices (12.6%), alcohol (5.2%), clothing-footwear (2.8%), house rents (4.0%), heating oil (13.7%), solid fuel (9.2%), furniture (2.4%), household services (1.9%), pharmaceuticals (11.8%), used cars (4.5%), air travel (10.2%), cinemas-theater (10%), holiday packages (9.3%), restaurants (5.9%), hotels (5.7%). On the other hand, prices fell in natural gas (52.9%), fuel-lubricants (3.3%), telephone services (3.5%) and audio-visual (5.1%).

The 3.5% increase in the consumer price index in December reflected index increases in food/beverages (8.9%), alcohol/tobacco (2.2%), clothing/footwear (2.8%), durable goods (1.9%), healthcare (5.5%), transport (0.3%), entertainment (2.6%), education (3.6%), hospitality (5.9%) and other goods and services (1.7%). Index declines were recorded in housing (0.5%) and communications (3.2%).

The consumer price index eased 0.1% in December from November 2023, after falling 0.5% in the same period in 2022. Greece’s haromonised inflation rate rose 3.7% in December 2023 from December 2022. On a monthly basis, harmonised inflation rose 0.1%, while on average it rose 4.2% in 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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