ELSTAT: inflation increased by another 3.2% in March

According to the Greek Statistical Office (ELSTAT), annual inflation in March was 3.2% compared to 2.9% in February.

The headline consumer price index in March 2024 compared to February 2024 showed an increase of 1.5%, compared with an increase of 1.2% in the same month the previous year.

The average CPI for the twelve months from April 2023 to March 2024, compared with the corresponding CPI for the twelve months from April 2022 to March 2023, showed an increase of 2.8%, compared with an increase of 9.2% recorded in the corresponding comparison twelve months of April 2022-March 2023 with twelve months of April 2021-March 2022.

Increase of the overall CPI by 3.2% in March 2024, compared with the March 2023 index, mainly due to changes in the following groups of goods and services:

• 5.3% “Food and non-alcoholic drinks”, mainly due to rising prices for bread and cereals, meat (total), fish (total), olive oil, fruits (total), vegetables (total), sugar-chocolate- ice cream, other food products, mineral water, soft drinks, fruit juices. This increase was partially offset by lower prices, mainly for dairy products and eggs.
• 1.8% “Alcoholic beverages and tobacco”, mainly due to rising prices for alcoholic beverages (not served).
• 5.8% “Clothing and footwear”, due to rising prices for clothing and footwear.
• 0.6% “Housing”, mainly due to rising prices for rental housing, repairs and maintenance of housing, heating oil, solid fuel. This growth was partially offset by lower prices, mainly for electricity and gas.
• 4.4% “Healthcare”, mainly due to rising prices for pharmaceuticals, medical, dental and paramedical services, and hospital care.
• 2.0% “Transport”, mainly due to rising prices for new cars, used cars, auto parts and accessories, fuel and lubricants, maintenance and repair of personal transport, air passenger transport tickets.
• 3.3% “Recreation and leisure”, mainly due to rising prices for equipment for information processing, small equipment for recreation – pets, sports and leisure, cinemas and theaters, package holidays.
• 3.5% “Education”, mainly due to rising prices for fees for pre-school and primary education, fees for secondary education, fees for higher education.
• 6.4% “Hotels-cafes-restaurants”, mainly due to rising prices for restaurants-cafeterias, hotels-motels-boarding houses.
• 1.3% “Other goods and services”, mainly due to rising prices for hairdressers and personal care stores, other personal items, health insurance premiums, auto insurance premiums. This increase was partially offset by lower prices, primarily for other personal care products.

2. Price reductions: by 1.8% in the Communications group, mainly due to lower prices for telephone services.

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