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Greece braces for major inflation shock as Middle East standoff continues
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April primary surplus beats target thanks to improved taxes and contained spending
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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
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Iran war begins to bite as costs rise and confidence falls
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Electricity supply pushes industrial production up 8.3 pct YoY in March
Led by energy, producer prices drop by 0.7 pct YoY in June
Greece’s Producer Price Index (PPI) remained in contraction in June, dropping by 0.7 percent year-on-year (YoY), after falling by 1.4 percent in May, ELSTAT data showed on Tuesday.
The index had been growing over a two-year period since March 2021, before it turned negative in March last year and has been in contraction since, although most of the base effects had been wearing off.
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