Impact of inflation already widespread, but data suggests worse to come

EconomyFeatures Tags: CPI, ELSTAT

Although the Greek authorities did not underestimate the wave of price hikes that started swelling in the summer, it is becoming evident in official data releases that inflation will be far-reaching and most likely will last for longer than the government had hoped or planned for.

A large part of the price hikes stem from energy costs, along with disruptions to the supply chain and transport costs. The Greek authorities responded relatively quickly to these factors by announcing the first package to cushion businesses and househo...

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