Inflation in Greece jumped to 11.3% in May, the highest level in 29 years

Annual consumer inflation in Greece jumped to its highest level in 29 years at 11.3% in May as prices for energy, housing, transportation and food rose, official data showed on Thursday.

Inflation accelerated from 10.2% in April, statistics service reports ELSTAT. On a monthly basis, consumer inflation rose by 0.7%.

Annual inflation in Greece, harmonized with EUalso rose sharply to 10.5% in May from 9.1% in April, further reducing disposable income. EU harmonized inflation is an index of the components used in the EU to measure inflation consistently.

According to ELSTAT, natural gas prices rose by 172.7% year on year, electricity by 80.2%, and fuel oil prices increased by 65.1%.

The data showed housing costs rose 35.0% year-on-year, while transportation prices rose 18.8%, food and non-alcoholic beverages rose 12.1%, and electricity rose almost 250%. .


Source link

High-quality journalistic work cannot be free, otherwise it becomes dependent on the authorities or the oligarchs.
Our site is solely funded by advertising money.
Please disable your ad blocker to continue reading the news.
Best regards, editors