Inflation in Greece fell to 9.1% in October from 12% in September

The annual inflation rate in Greece in October fell to 9.1% from 12% in September, but was accompanied by double-digit price increase on a wide range of goods and services, the statistical agency said on Thursday. ELSTAT.

According to ELSTAT, the consumer price index (CPI) in October 2022, compared to the CPI in October, showed an increase of 9.1%. In October 2021, the annual rate of change of the CPI was 3.4%. CPI in October 2022, compared to September 2022, decreased by 1.2%. In October 2021, the monthly rate of change of the CPI was 1.5%.

A significant increase in the percentage increase in prices over the past year was observed for natural gas (68.4%), solid fuels (23.3%), heating oil (20.8%), fuels and lubricants (17.8%) and electricity ( 7.4%). (7.4%? Not 740%? After all, ELSTAT will not lie, as in relation to gas prices … Editor’s note).

Significantly increased prices for the main products that make up the consumer basket, such as dairy products and eggs (24.2%), bread and cereals (19.3%), meat (17.3%), oils and fats (16. 6%), coffee-cocoa-tea (13.4%), vegetables (13.2%) and other food products (12%).

A significant increase in prices was also observed for new (12.3%) and used (19.4%) cars, motorcycles (8.4%), spare parts and accessories for cars (10.3%), taxi fares (32.9 %), air travel (30.6%), fares for passenger ships (26.7%), cinema and theater (14.3%), holiday vouchers (12%), hotels and hotels (20.2%).

Between October and September, prices declined for natural gas (52.8%), heating oil (11.2%) and electricity (2.9%), but rose for diesel (11.2%) and gasoline/automobile fuel (2.3%). There was also a further increase in prices for consumer goods included in the home basket, such as pasta, vegetables, potatoes, milk, bread and others.

The Harmonized Consumer Price Index (HICP) in October 2022 increased by 9.5% compared to October 2021. The annual rate of change of HICP in October 2021 was 2.8%. The HICP index in October 2022, compared to September 2022, decreased by 1.2%. In October 2021, the monthly rate of change for HICP was 1.1%.

* HICP – Harmonized Index of Consumer Prices. The Harmonized Consumer Price Index is an indicator of inflation and price stability for the European Central Bank. This is a consumer price index, which is compiled in accordance with the methodology agreed in all countries. EU.



Source link