The inflation rate – on an annual basis – in Greece more than doubled in October 2023, compared to the previous month, calculated at 3.4 percent, according to figures announced on Friday by the country’s statistics authority (EL.STAT).
The same rate for September 2023 was 1.6 percent.
In an even more ominous development, the inflation rate for foods again neared “double-digit territory”, reaching 9.9 percent, up from 9.4 percent in the previous month.
The inflation rate for the Eurozone, however, eased under 3 percent, while the annual harmonized index for consumer prices in Greece reached 3.9 percent, compared to 2.4 percent in September 2023 and 3.5 percent in August 2023.
Based on EL.STAT figures, the same rate for Greece slowed to 1.6 percent in September; 2.7 percent in August and 2.5 percent in July 2023.
Latest News
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
Greece Honored Country at World Travel Market (WTM) 2024
Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.
Inflation in Greece Down to 2.4% in October, ELSTAT says
On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year
First-Ever Pop-Up American Space at a Sports Venue Opens at Georgios Karaiskakis Stadium
The new Pop-Up American Space was inaugurated at the Georgios Karaiskakis Stadium by US Amb. George J. Tsunis, Olympiacos FC President Evangelos Marinakis and the Mayor of Piraeus, Yannis Moralis
Greek Long Term Unemployment 2nd Worse in EU: Eurostat
Greek long term unemployment was only surpassed by Bosnia Herzegovina (9.6%). Spain was the 3rd worse with 4.3%
PM Mitsotakis from Budapest: ‘Urgent Need for Boost in EU Competitiveness’
Mitsotakis remarked on the discussions held with former European Central Bank chief Mario Draghi emphasizing the significance of moving from rhetoric to action
NBG After-Tax Profits Reach 983mln€ in 3Q 2024
NBG CEO Pavlos Mylonas: In 3Q24 we delivered a solid set of financial results, with our strong capital position and highly liquid balance sheet remaining key comparative advantages
Real Estate Investors Eye Greece for Data Centers, Logistics, Student Housing
Athens ranks 22 out of 30 European cities in terms of it prospects for real estate investment, according to a report by PwC.
Greeks 3rd Last in Salaries in EU: Eurostat
According to Eurostat, the average adjusted annual salary in Greece stands at €17,000, with Hungary close behind at €16,900. The only country faring worse is Bulgaria, where the figure is €13,500.