Inflation in Greece fell in January, but food rose another 15.4%

Greece’s annual inflation rate slowed further to 7% in January from 7.2% in December, but remained higher from 6.2% in January 2022. However, this slowdown mainly reflects lower electricity prices, while food prices rose another 15.4%.

Statistical Office of Greece ELSTAT reported that price increases between January 2023 and January 2022 were registered for bread products (18.6%), meat (19.3%), fish (2.5%), dairy products, eggs ( 25%), oils and fats (23.1%), fruits (1.2%), vegetables (10.9%), sugar-chocolate candies (9.2%), coffee-cocoa-tea (10.9 %), mineral waters-drinks-juices (7.8%) and alcohol (7.6%).

Heating oil rose 7.1%, clothing and footwear rose 6.5%, rent rose 4%, household items rose 15.7%, pharmaceuticals rose 6.1%, new cars rose in price by 10.1%, used cars up 8.4%, motorcycles up 10.4%), air travel up 52.4%, maritime transport up 26.7%, movie theaters up 16.9% %.

Electricity (-15.4%), audiovisual (-4.9%) and telephone services (-1.2%) fell in price.

The statistics service explained the increase in the consumer price index in January by an increase in the index for food/drinks by 15.4%, alcohol/tobacco by 3%, clothing/shoes by 6.5%, durable goods by 10.6%, health by 2%. .9%, health at 8.1%% in transportation, 3.4% in entertainment, 2.2% in education, 7.8% in hospitality and 5.4% in other goods and services.

The Housing Index fell 0.1% and the Communications Index fell 1.3% in January.

The consumer price index in January decreased by 0.5% compared to December 2022, while the harmonized inflation rate increased by 7.3% in January 2023 compared to January 2022, but decreased by 0.5% in January compared to December 2022, according to ELSTAT.

PS The closer to the elections, the less inflation and the higher the standard of living. If you believe ELSTAT of course…

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