Inflation jumped to 5.1% due to sharp increases in natural gas and electricity prices. A significant increase in food prices has been recorded.
In particular, a comparison of the overall consumer price index for December 2021 with the corresponding index for December 2020 showed an increase of 5.1%, compared with a decrease of 2.3%, which occurred when comparing 2020 with 2019.
The jump in inflation is the result of a sharp increase in the cost of natural gas by 135.7% compared to last year, electricity by 45%, fuel oil by 34.1%, fuel by 21.7%.
Significant growth is also seen in food products, including mutton by 19.7%, butter by 17% and potatoes by 14.2%.
General consumer price index (Γενικός ΔΤΚ)
1. An increase in the general consumer price index by 0.7% was noted in December 2021 compared to the corresponding index in November 2021 in the main groups of goods:
10.3% – clothing and footwear, due to the return of part of the prices to the level of the pre-winter decade of discounts. 0.8% – housing, mainly due to rising electricity prices. Part of this increase was offset by lower prices, mainly for natural gas and fuel oil. 0.2% – durable goods, household items and services, due to the return of prices to the pre-winter level of a decade of discounts. Some of this growth has been offset by lower prices, mainly for household goods. 0.3% – transport, mainly due to rising prices for new and used cars. Part of this growth was offset by lower prices, mainly for motor fuel (gasoline) and airline tickets.
Decrease in indicator:
0.5% in the “Alcoholic drinks and tobacco products” group, mainly due to lower prices for alcoholic beverages. 0.2% in the group “Other goods and services”, mainly due to lower prices for other types of personal care products.
2. Increase in the overall consumer price index by 5.1% in December 2021 compared to the corresponding index in December 2020:
4.3% in the group Food and non-alcoholic beverages, mainly due to rising prices for bread, other bakery and confectionery products, pasta, beef, lamb and goat meat, poultry, meat products, fresh fish, cheese, olive oil, others edible oils, fresh fruits and vegetables, canned or processed vegetables, potatoes, chocolate, other foods, coffee. Some of this growth was offset by lower prices, mainly for pork, cold cuts, natural milk, pastries, jams and honey. 3.0% in the Clothing and Footwear group due to rising prices. 18.0% in the housing group, mainly due to rising prices for housing, electricity, gas, fuel oil. 2.3% in the Durable Goods group – household items and services, mainly due to rising prices for furniture and decor items, dishes and utensils, household goods and services. 10.9% in the Transport group, mainly due to rising prices for new and used cars, fuels and lubricants, air tickets. 0.9% in the “Education” group, mainly due to the increase in the cost of education in the secondary education system. 1.2% in the Hotels-Cafes-Restaurants group, mainly due to higher prices in restaurants-confectionery-cafes, hotels-motels-hotels.
Decrease in indicator:
0.1% in the “Health” group, due to lower prices for medicines. Part of this decline was offset by higher dental prices. 2.5% in the Communications group, mainly due to lower prices for telephone services. 0.6% in the Leisure and cultural activities group, mainly due to lower prices for audiovisual equipment, computer repair, durable goods for recreation. Part of this decline was offset by higher prices for flowers (seedlings) and small pets. 0.6% in the “Other goods and services” group, mainly due to lower prices for other types of personal care, vehicle insurance bonuses. .