Annual inflation rate in Greece fell to 3% in April from 4.6% in March and 10.2% in April last year, reflecting almost exclusively the rapid fall in energy prices.
However, prices for food and groceries rose by 11.4% in the same month, the Greek Statistical Office said on Wednesday. ELSTAT.
Price rise
Price increases were recorded for bread/cereals (13.8%), meat (12%), fish (4.5%), milk/eggs (19.1%), oils (16.2%), vegetables (6 .2%), sugar/chocolate/sweets (11%), other foods (14.6%), coffee/tea (12.1%), mineral water/juices (8.5%) and alcohol (10, 1%).
Clothing/shoes (5.6%), rent (3.8%), home renovation (5.3%), liquefied gas (11%), solid fuels (29.6%), furniture (7.7%) , home equipment (7.4%), pharmaceuticals (13.9%), medical products (2.2%), new cars (7.6%), used cars (10.5%), motorcycles (7.3% ), auto parts (12.2%), taxis (32.9%), air travel (34.1%), sea travel (11.2%), cinemas/theatres (5.6%), hotels (22.2%) %) etc.
Price reduction
Prices declined for electricity (29.9%), natural gas (25.1%), heating oil (20.7%), fuel/lubricants (7.4%) and telephone services (1.8%) in compared with the previous reporting period.
ELSTAT attributes April CPI decline to growth of: 11.4% food/beverage, 4% alcohol, 5.6% clothing/shoes, 10.9% durable goods, 6.5% healthcare , 1.4% for transport, 3.7% for entertainment, 2.2% for education, 8.5% for hospitality and 6.4% for other goods and services. The consumer price index fell by 13.4% in the housing sector and by 1.8% in the communications sector.
The consumer price index in April rose by 0.6% compared to March 2023, after rising by 2.1% recorded in the same period last year.
The country’s harmonized inflation rate slowed to 4.5% this April from April 2021, following a 9.1% rise recorded in the same months in 2022/2021.
The harmonized inflation rate in April increased by 1.1% compared to March 2023.
The point is that immediately before the elections they will announce that Mitsotakis has defeated inflation. But what to do with the prices of products that have risen in price by almost 100% over the past year and a half?
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