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Import prices rise moderates to 6.9% YoY in June as energy continues to dominate
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Car sales slowed in July as drop in new vehicle sales prompts 3.9% YoY fall
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Industrial Production slows to 1.1% YoY in June as only manufacturing grows
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Trade deficit continues to drop, falling by 5% in H1
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CPI slows to 3.4% YoY in July as energy effects moderate
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Manufacturing conditions continued to improve in July, despite cost pressures
Greece braces for major inflation shock as Middle East standoff continues
With the war in Iran far from settled and the main choke point for global energy and trade still in place - as the Strait of Hormuz remains essentially shut - newly released data points to a severe inflation shock for the Greek economy.
The import price index jumped by 11.4% in March, after being negative for five consecutive months and with only two positive readings since January last year.
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