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GreeceBusinessGreek inflation rate slowed to 11.6% in July

Greek inflation rate slowed to 11.6% in July

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Hellenic News of Americahttps://www.hellenicnews.com
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Greek inflation rate slowed to 11.6% in July from 12.1% in June and after an 1.4% reading in July 2021, Hellenic Statistical Authority said on Monday. More specifically, the statistics service said that significant price increases contined in natural gas (178.9%), heating oil (65.1%), electricity (55.8%), fuel-lubricants (33%), solid fuel (9%) and in the so-called “housewife’s basket”: oil/fat (27.3%), bread/cereals (16.7%), meat (16.7%), dairy/egg (16.4%), vegetables (13.4%), coffee-cocoa-tea (11.4%), other food (9.3%), sugar-chocolate-sweet-ice cream (5%), fish (3.6%), mineral water-beverage (3.5%) and alcohol (3.3%).

Price increases were also recorded in air travel (62.3%), taxi (32.9%), sea traval (25.4%), hotels (20%), used cars (15.9%), new cars (12.4%), cinemas-theater (13.9%), holiday package (11.4%), furniture (7.2%), car parts (5.3%), home equipment (5.3%), restaurants (4.6%), medical products (3.7%), clothing-footwear (3.4%), education (1.4%), house rent (0.9%) and textiles (0.1%).

The 11.6% increase in the annual consumer price index in July, reflecting index increases in food/beverage (13%), alcohol/tobacco (1.5%), clothing-footwear (3.4%), housing (30.9%), durable goods (8.2%), health (0.7%), transport (20.6%), entertainment (2.0%), education (0.9%), hospitality (6.4%) and other goods and services (2.5%). Only the telecommunications group recorded a decline (-2.1%).

Greece’s harmonized inflation rate rose 11.3% in July from 11.6% in June. On a monthly basis, the harmonized inflation rate fell 1.6% in July from June 2022.

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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