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CPI captures rise in housing costs with 7.2 pct YoY increase, headline up 2.8 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up further pace in June with a rise of 2.8 percent year-on-year (YoY), from 2.5 percent in the previous month, according to the data released on Wednesday... the headline CPI, and in deflation since December last year, food inflation rose by 2.3 percent, after
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
EconomyMacroeconomyto the better performance in collecting the current year’s taxes (VAT, excise taxes etc.), and the better performance of the previous year’s income taxes collected in instalments until the end of February... million. Last year, interest payments were 5.19 billion euros in the same period. PIB PIB revenues came
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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
EconomyMacroeconomyto a surplus of 2.91 billion euros in the same period a year earlier, according to the final Finance... that was scheduled for the end of July, as well as the collection of last year’s tax obligations... procurements. Interest payments came to 5.18 billion euros, from 5.19 billion last year. PIB Public
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Producer prices on six-month run of rises after 1.6 pct YoY increase in Jun
EconomyMacroeconomyGreece’s Producer Price Index (PPI) continued growing in June, with a rise of 1.6 percent year-on-year (YoY), after an increase of 2 percent in May, ELSTAT data showed on Wednesday. This is the sixth... had been growing over a two-year period since March 2021, before it turned negative in March 2023
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Trade deficit rises sharply in June as exports continue to fall
EconomyMacroeconomyGreece’s trade deficit rose sharply by 33.2 percent year-on-year (YoY) in June, after a 31.6 percent drop in May, according to data released by ELSTAT on Thursday. The deficit came to 3.14 billion... billion euros, falling by 8.3 percent. In June last year, the trade deficit was 2.36 billion euros
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CPI accelerates to 3.1 pct YoY in July, rents up 11.3 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) accelerated further in July with a rise of 3.1 percent year-on-year (YoY), from 2.8 percent in the previous month, according to the data released on Friday..., and in deflation since December last year, food inflation rose by 2.8 percent, after an increase
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Energy continues to drive import price drop as June records 4.7 pct YoY fall
EconomyMacroeconomyGreece’s import price index remained in contraction in June, with a drop of 4.7 percent year-on-year (YoY), after a 4.2 percent decline in the previous month, according to data released... consecutive months, after back-to-back increases in December last year and January 2025. The index peaked
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
EconomyMacroeconomyeuros, with another prepayment of close to 5.3 billion euros lined up for the end of the year, same as last year. An additional 130.9 billion relate to the second (EFSF) programme, and the remaining... (over 5 years) debt made up 73.4 percent of the total, while short-term (up to 1 year) and medium
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Primary balance up to July confirmed at 7.94 bln due to underspend, tax revenues
EconomyMacroeconomyto a surplus of 5.67 billion euros in the same period a year earlier, according to the final Finance..., which was signed on March 29 last year. VAT revenues amounted to 15.7 billion, 357 million above... to military procurements. Interest payments came to 5.86 billion euros, from 5.84 billion last year. PIB
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Government’s effort to revive economic success story narrative heavily reliant on RRF execution
PoliticsGreek Politicspct, though both below the EU average. Given that the government has been through a challenging year... a year earlier and way above the EU average of 27 pct. Looking at the broader picture, it is clear..., especially as the scheme is now entering its final year, meaning it will expire just months before
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