In April 2022, producer price increases (industrial inflation) set a new record of 37.2% year-on-year in the Eurozone, the Eurostat. 99.2% amounted to a jump in producer prices in the energy sector due to anti-Russian sanctions. This made the main contribution to record industrial inflation (as if energy prices began to rise long before the […]
Tag: devaluation
Inflation in Greece is growing every day
Inflation in Greece “jumped” to 10.7% in May from 10.2% in April. According to preliminary data announced by Eurostat, inflation in our country is boosted by prices for liquid fuels and electricity, but for several weeks now there has been a significant increase in prices for basic products such as food and detergents. It is […]
Inflation takes a heavy toll on the Greek economy
The impact of inflation on the Greek economy and society is becoming more severe, with households seeing a sharp decline in their real incomes and fearing unemployment in a new cycle of recession, while corporations are seeing their profits fall due to higher production and operating costs and lower sales volumes. Worse, this is not […]
Eurostat: Inflation in Greece jumped to 8% in March
Inflation in Greece jumped to 8% in March year on year, according to preliminary data released on Friday by Eurostat, the European Union’s statistical office. According to the statistical office, annual inflation in the euro area will be 7.5% in March 2022, compared to 5.9% in February. Looking at the major components of eurozone inflation, […]