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PoliticsGreek Politics
Govt mulls more tools against inflation as cost of living set to soar The markets’ reaction to conflict in Ukraine has sent the government in search of additional policy tools to shield consumers from galloping inflation.
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PoliticsGreek Politics
Govt weighs up impact of Ukraine war on recovery, waits for decisions at EU level As well as making a landmark foreign policy move over the weekend by deciding to supply Ukraine with arms following the Russian invasion, the Greek government has been mulling the economic impact of the war.
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PoliticsGreek Politics
Govt mulls Easter bonus as cost-of-living crisis causes public concern Worsening inflation date on the one hand and ebbing polling figures on the other are creating divergent challenges for Kyriakos Mitsotakis’s government, which is finding it increasingly difficult to maintain consistency in its messaging.
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EconomyMacroeconomy
CPI reaches 6.2 pct in Jan as inflation hits highest since late 1990s Greece’s Consumer Price Index (CPI) picked up further pace in January, rising by 6.2 percent year-on-year (YoY), following a 5.1 percent increase in December, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
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EconomyMacroeconomy
Inflation to persist, creating more economic policy challenges It has become increasingly evident that the inflation clouds which started gathering above the Greek economy since June last year are not going anywhere soon as the authorities had hoped when they started announcing a series of support initiatives for households and businesses several months ago.
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EconomyMacroeconomy
CPI rise of 5.1 pct in Dec highest since 2011 as electricity, gas and heating oil drive price hikes Greece’s Consumer Price Index (CPI) accelerated in December, rising by 5.1 percent year-on-year (YoY), following an equally strong movement of 4.8 percent in November, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Thursday.
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EconomyMacroeconomy
Nov CPI shoots up by 4.8 pct amid big rises in energy prices Greece’s Consumer Price Index (CPI) rose sharply in November, climbing by 4.8 percent year-on-year (YoY), from 3.4 percent in October, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
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EconomyFeatures
Impact of inflation already widespread, but data suggests worse to come 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.
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EconomyMacroeconomy
Oct CPI at highest since May 2011, led by natural gas, oil and electricity Greece’s Consumer Price Index (CPI) continued its climb in October, rising by 3.4 percent year-on-year (YoY), from 2.2 percent in September, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday.
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EconomyMacroeconomy CPI rises by 2.2 pct in Sept as prices shoot up at highest rate since 2012 Greece’s Consumer Price Index (CPI) continued its march in September, increasing by 2.2 percent year-on-year (YoY), after a 1.9 pct rise in August, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Friday.