June 24, 2024

Athens News

News in English from Greece

Eurostat: inflation in Greece was 3.2% in April, in the eurozone – 2.4%

According to the latest and final Eurostat data, Greek inflation settled at 3.2% in April, remaining above the Eurozone average for the seventh month in a row, which averaged 2.4%. At the same time, on a monthly basis, inflation in Greece “rose” by 0.9 units.

At the same time, data shows that our the country ranks 7th in the general index at the eurozone level and 2nd in food inflation (consistently lagging behind Malta for 6 months – Greece was 1st in October).

As it turned out, food inflation in our country amounted to 5.3% (from 5.4% in March), inferior to Malta at 5.9% (from 6.2% in March) and worse than 4.8% (4.4% in March). March) Spain. Essentially, it looks like Skrekas’s anti-punctuality measures, which began to be implemented on March 1, did not work.

Let us recall that according to the data ELSTAT for April, the largest year-on-year increases in food products were observed in olive oil (63.7%), fruits (11.6%), fish (10.6%) and rice (8.5%). And prices for mineral water – soft drinks and juices – increased by 12.5%.

IN EU annual inflation in April amounted to 2.6%, which also remained unchanged compared to March. A year ago this figure was 8.1%.

The lowest annual rates were recorded in Lithuania (0.4%), Denmark (0.5%) and Finland (0.6%). The highest annual rates were recorded in Romania (6.2%), Belgium (4.9%) and Croatia (4.7%). Compared to March 2024, annual inflation fell in fifteen Member States, remained stable in four and increased in eight.

In April, the largest contributors to the annual inflation rate in the eurozone were:

  • services (+1.64 percentage points, p.p.),
  • food, alcohol and tobacco products (+0.55 p.p.),
  • non-energy industrial goods (+0.23 p.p.).
  • energy (-0.04 p.p.).

Source link

Verified by MonsterInsights