Greece witnessed a 3.4% inflation rate in March, according to data released by Europe’s statistical authority, Eurostat. In the eurozone, the consumer price index (CPI) dropped to 2.4%, while the average EU settled at 2.6%.
Based on the data, inflation in Greece declined at a slower pace compared to the eurozone average, while in absolute terms, it remains higher than the European average, ranking 8th among countries with the highest inflation rates in the European ranking.
Lithuania recorded the lowest rate (0.4%), followed by Finland (0.6%), and Denmark (0.8%), whereas the highest inflation rates were registered in Romania (6.7%), Croatia (4.9%), Estonia, and Austria (both 4.1%).
Compared to February, the annual inflation rate fell in 13 member states, remained stable in four, and increased in ten.
Costs in the services sector in March registered the highest contribution (+1.76 percentage points) to the annual inflation rate in the eurozone, followed by food, alcohol, and tobacco (+0.53 percentage points), non-energy industrial goods (+0.30 percentage points), and energy (-0.16 percentage points).
Source: tovima.com
Latest News
UK Tourists Boost Growth in Greece’s Off-Peak Season
British Airways has significantly contributed to this growth, reporting a 6.6% increase in passengers in the first four months of this year compared to last year.
INSETE Report: Greece a Hotspot for European Vacationers
Greece among top five countries on travelers' itineraries from Germany, France and the UK
Study: Cost of Basic Food Basket in Greece and Other Countries
The findings are based on IELKA's regular report, which includes a price comparison study using data from price comparison platforms in each country and direct price checks from supermarket chains.
DBRS: Greece’s Economic Reforms Boost Growth Prospects, But Investment Gap Remains
However, despite these advancements, Greece still faces a substantial investment gap compared to its eurozone peers.
Greeks Took Out 65% Loans Online in 2023
Approximately 850-euro-million worth of loans in 2023 were issued via e-banking and mobile banking
Greece-Egypt “GREGY” Interconnector Moving Ahead as Planned
The GREGY project aims to bring an underwater cable from Egypt to Greece to transport electricity generated in Egypt, through renewable sources, to Europe
Greece: AADE Completes Major Overhaul of Attica Tax Services
Taxpayers in Attica will be served digitally through the "My Requests" application on the myAADE digital portal (myaade.gov.gr) or via the myAADEapp.
Cocktail of Dust and Heat Brings Stifling Sunday Weather
Meteorologists expect the conditions to persist until at least Wednesday
Greek Hotels Vindicated by Commission’s Ruling on Booking.com
The Commission has ruled that Booking is a "gatekeeper" and must comply with the Digital Marketing Act, addressing complaints by the European Hotel Industry and Hellenic Chamber of Hotels
Which Islands Will Have Italians Flocking to Greece this Summer?
Well-known Italian travel magazine details reasons why Skopelos, Naxos and Astypalaia are the go-to summer destinations for Italians