Despite drop in input costs, rising agriculture output prices cause inflation concerns

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Tax revenues continue to outperform in Aug, as ministry explains frugal approach 19/09/2023 - 10:28

Despite drop in input costs, rising agriculture output prices cause inflation concerns

EconomyMacroeconomy 14/08/2023 - 10:23 Tags: Cost of living, CPI, ELSTAT

Food inflation is currently the most prominent challenge for households, and there was more worrying data on this front from ELSTAT on Friday in the form of the release for input and output price index in the agriculture and livestock sectors.

The output index recorded an increase of 30.6 percent year-on-year (YoY) in June, from 21.8 percent in the previous month. Agriculture and Livestock output prices have been growing since March 2021.

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