The upward inflation trend recorded a slowdown in November this year, standing at 3%, recording a 0.4 percentage decrease from 3.4% in October 2023 and 8.5% in November last year, according to the Hellenic Statistical Authority (EL.STAT).
This development can be primarily attributed to a significant decrease in the prices of natural gas (-53.2%) and fuels-lubricants. Meanwhile, upward adjustments persisted in food items (9%, with notable mention of a 31.4% increase in oil) and a broad range of products and services.
On an annual analysis, the increase in the General CPI in November 2023, compared to 2022, was primarily driven by changes in the following groups of goods and services:
– 9.0% in the “Food and Non-Alcoholic Beverages” group, driven by price hikes in items such as bread and cereals, meats, fish, dairy products and eggs, oils and fats, fruits, vegetables, sweets-chocolates-ice cream, other foods, coffee-cocoa-tea, and mineral water-soft drinks-fruit juices.
– 2.6% in the “Alcoholic Beverages and Tobacco” group, mainly due to increased prices in alcoholic beverages (not served).
– 6.4% in the “Clothing and Footwear” group, attributed to rising prices in clothing and footwear items.
– 5.5% in the “Health” group, influenced by higher prices in pharmaceutical products, medical-dental, paramedical services and hospital care.
– 4.7% in the “Hotels-Cafes-Restaurants” group, driven by increased prices mainly in restaurants-patisseries-cafeterias. Part of this increase was offset by the decrease mainly in the prices of hotel-motels.
Additionally, increases were noted in various categories such as rent, housing maintenance, electricity, heating oil, solid fuels, household goods, household services, pharmaceutical products, medical-dental and paramedical services, hospital care, used cars, car parts and accessories, cinemas-theatres, vacation packages, preschool and primary education, secondary education, tertiary education, restaurants-patisseries-cafeterias, hairdressers and personal care stores, other personal care items, health insurance, and vehicle insurance.
Conversely, prices decreased in natural gas (53.2%), fuels and lubricants (9.3%), telephone services (3.5%), audio and visual equipment (5%), and hotels-motels-lodges (3%).
Source: tovima.com
Latest News
Greece Reacts Sternly to Turkish Decision to Open UNESCO Site Chora Church as a Muslim Mosque
"The decision of the Turkish authorities to start the operation of the Monastery of Chora as a Muslim Mosque constitutes a provocation to the international community", the Greek Foreign Ministry stated
DW: Greece Prepares for the 2024 Tourist Season Amid Climate Change Challenges
The Greek state has adopted measures to alleviate the impact of climate change
Greco-French Relations on Ice: Exploring the Chill between Mitsotakis and Macron
Macron allegedly sought increased military support for Ukraine, including weaponry and Western troop deployment for training in Western Ukraine, a request declined by Mitsotakis
Greece Secures Stable Tourism Flows at 30 Million Arrivals
However, despite this year’s bookings projected to rise slightly compared to last year, Yiannis Hatzis, President of the Panhellenic Federation of Hoteliers, stresses the importance of strategic planning
The 12 Tourist Traps to Avoid in the Greek Islands
Visit less popular islands for cheaper prices and fewer crowds
German Min. Lemke: «Climate crisis poses immediate threat to our health; well-being»
Europe recorded more days of “extreme heat stress” (with the ‘feels like’ temperature exceeding 46 degrees Celsius) than ever before
OECD: Major Spike in FDIs in Greece over 2021-23 Period
The international organization calculates an average of 6.7 billion USD in Greece over the 2021-2023 period, up from 4.15 billion USD in 2017-2019
How TikTok Lost the War in Washington
Combination of coordinated efforts by its critics and missteps by the company led to the law forcing a sale or ban of the popular app
Greece in the Top European Destinations for Aussies in 2024
This year 16% of surveyed Australians are planning a trip to Greece
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?